LMAOI'm way to uncontrollable to ever hold a job.The only difference between being Unemployed and Self-Employed is how good you are at it.

Most likely in an expensive area like California your cost per square foot will really make this conversion worthwhile.Lastly, if you are going to take the gamble, make sure that in worst case scenario that you will at least recoup at least the same amount of money you put in, and that the house will sell faster. 

This "Buy High, Sell Higher" philosophy is risky in my opinion, but when inventory is low and capital plentiful, there are people out there ready to take the gamble. 

If you are unable to do your own title work, you are gambling that there is nothing wrong.

Because an appreciation play is akin to gambling.

I know appreciation can be a gamble, as compared to cash flow. 

I know appreciation can be a gamble, as compared to cash flow.

From an equity build approach, seems taking on the 18 by itself is almost more of a gamble, no?

Betting on appreciation is like gambling in my opinion.  

After realizing the market is essentially gambling, I started looking to real estate as I love the idea of having my money in something physical and real.