I know the REFI process can be a bit of a gamble.

No more write offs of gambling losses, employee expenses, tax prep fees, investment fees, etc.529 State Education Accounts can now be used for primary and secondary schools in addition to higher education and can now also be used for religious and other private schoolsYou can no longer unwind a Roth ContributionSo many other nit-picky changes that will apply to very few folks, but will be important to get right for those to whom it does apply.

To find out, speak to the owner, neighbors or any local realtor.To the latter, I'd say this is the same gamble any local builder would take. 

Currently, 1 ton of gold goes for approximately $40,576,000 millionIf you have $40.57 million laying around that you are certain you won't have need for in 20 or 30 years, but that you cannot afford gambling with by investing in riskier or other comparatively illiquid assets, you would look to gold to solve that problem. 

I would have been thrilled to find an honest 8%, but most deals were in the 6-7% range and I just couldn't get comfortable as an out of state owner at those levels.

Kinda sucky.Most people if given the option would be thrilled at the opportunity to get the returns in Scenario A. 

Appreciation gamble?

Speculation is Gambling.

It becomes a crap shoot for the company, but they are gambling with the investors money.2.  

I am not thrilled with the non-recourse loans (poor LTV and higher cost and interest rates), BUT there are so many pros and cons for each choice.