You can't go to Vegas and expect to be reimbursed for your gambling losses.

Selling point was the old lady won't be there forever, and I'll get a great increase and stabilization laws won't apply after she's gone.

These are very risk gambles that should only be attempted with money you don't really care about.  

I understand being in high cost market and it being difficult to buy but the "cash flow on paper" inexpensive markets is a gamble.

I talked to a Lady in Nashville and walked her through the process and she was able to do this and made some pretty spectacular gains on recreating old parcels.

It is very much case-by-case and requires understanding of the current tax regime for personal itemized deductions, as well as gambling on the proposed changes to this regime by the next administration.

@Barre Gambling I am curious... in your opinion, is our area in central NC underserved outside of the Raleigh-Cary-Durham MSAs?

@LaTonya Clark “One  can’t tell but I do know part of me is willing to take a chance”…You make it sound as if real estate investing is no different than gambling….

Should I gamble on this or look into how to file a class action lawsuit against the State of California and the Judicial Council?

Yet somehow I did not have the lady taking the packages on camera (maybe she did not and it was weird set of circumstances with packages delivered to the wrong address).