There are other threads active now debating if/when there could be another "crash"....The 2007 recession was mostly about fraudulent mortgage practices (i.e.

Then it's the gamble of did you get a added 15, 20 or the coveted 30% off added coupon??????

I am fine if anyone wants to speculate on appreciation, but buying a property with a negative cash flow (that loses money) in hopes of future appreciation is nothing more than gambling.

It could appreciate but I consider that gambling.

Of course, there are appeal mechanisms to whatever the ruling.A land trust as an entity may end up being pierced just like an LLC or corporation when there is a lawsuit involving a fraudulent transaction involving ownership.Again, I am not an attorney, and am not offering legal advice, but I have successfully used land trusts, llc's and other title-holding entities over the years. 

SoCal)  Getting into a deal with the hope of appreciation to make the deal work is basically gambling, and I don't like to gamble.  

Used cars are always a gamble unless you are a good mechanic or know one. 

It's a low price point that I felt I could afford to take a gamble with in order to test the turnkey waters. 

Do you need $94.5 to pay a gambling debt to the Mafia? 

It does not appear to much of a gamble.