Thank you.It does vary quite a bit from street to street, but no matter how you slice it, it's a gamble in that area.

If you could BRRRR and time the interest rates well Otherwise, Buying a property that is negative cash flow without any forced appreciation or a clear short term upside(flip) might be described more as gambling then investing.  

but in my view it makes a relatively "safe" investment in cash flowing real estate into a gamble on appreciation.    

One learns very quickly and unfortunately usually the hard way that cash tenants are a huge gamble and that section 8 is the only way to find healthy, consistent, positive cash flow in Detroit and many of the other inner cities accross America.

Dunedin NZ from St Albans UK when we first bought. 19,068km

I hear what you're saying about the cost to make them habitable but I don't think that will be considered a gamble when you're looking backwards a few years from now. 

UK market is a great opportunity at the moment.

But these come rarely.Do you really want to gamble with your money time and effort on luck?

Don't know don't care.You are gambling with a lot of time and effort and if you are anything like me?

That's an $1800 gamble with this software.