They are thrilled and after all expenses (we built our own short-term management) we still come out significantly ahead on the cash-flow side with a great resident.2. 

I'd be thrilled!

These people are straight up gambling with their clients’ properties.

So thrilling!

These folks are those who are thrilled getting 6-7% interest on their money secured by a performing property (compared with 1% they get from bank CDs).

Real estate offers endless opportunities for growth, learning, and achievement, and I have no doubt you'll make a significant impact.Diving into real estate investment can be both thrilling and rewarding.

The other is more of a gamble on the location, but I think it is going to be a winner long-term.

Your going to go to Vegas and your going to be expecting to find pennies on the ground to start gambling with and you can’t lose because your starving and will die if you don’t win any money.

I hope my post about not investing via your IRA didn't come off as accusatory - you shouldn't have been lead down that path to begin with, and no worthy businessperson would have talked you into gambling your retirement like that.

Either way is a gamble but if they are a legitimate business you may have a chance at 25-50 cents on the dollar or more and that's a better return than zero.