If you're gambling on huge future appreciation, flyover country is not the place to be.

Someone tell Rich to stop gambling and to come educate the common-folk!

I like gambling analogies for real estate because, despite all the mumbo jumbo that sometimes gets thrown around, luck is a huge factor in your actual returns.

I'm thrilled at the quick response. 

There is so much to learn; I'm thrilled and eager to absorb as much as I can! 

So, that's about my minimum for buying a rental.OTOH, I don't want to be dealing with a tenant for just $10 a month, even if that is getting me a 20% cash on cash return.As to your question, the number your asking about, in gambling terms, is called "variance".

. $5k for a 4,000s.f. house.3) Where my risk/gamble is, is that I like changing use of properties... converting bootlegged 2 units back into SFR.

I'm not completely thrilled with the 5 day float till deposits are made.  

I am thrilled that I posted that question because I have had so many to reach out and send information to my personal email address. 

I took the gamble in 2011, because I knew prices were at multi-year lows.