Then there are a few other scattered gambling venues (Ft.

I contacted the local fire department and the Lt. was thrilled with the idea.

Thank you Scott I'm thrilled I will really appreciate your help to get through my first deal and if possible you being my mentor Thanks again.

In such a strategy there are certain sub strategies (buy and hold for cash flow which is the most viable in my opinion and creates monthly income if done correctly, buy and hold for appreciation (which is a gamble on the future) and of course the combination of the two (which is easier said than done in most markets.

You want to gamble a huge amount of money with what appears to be limited experience.

From a renters point of view, I'm not thrilled to pay more for the same apartment but I understand the dynamics of Chicago's higher taxes and have come to expect it.

I'm inclined to believe you're about to approach this as  real estate gamble instead of an investment with this deal.

We flipped 3 houses last year, netting a 100k which I am thrilled about.

That is an issue of skillfull originaions and not being influenced by the thrill of the sale.

Yes it was difficult getting through the process, and we trusted our real estate agent to send current photos of the property, but we were still gambling.