Unknown = risk.

When I started 35 years ago with Cash to buy Financed by the Owner for the first year or two, Duplexes and Houses to Rent, I was counting on $100 to $200 per Month, per Door after PITI and all the unknown repairs and charges that show up.

We felt that $90k kept us safe and anything north of that got is into trouble with the unknowns.

By requiring restoration and professional inspection you have protected yourself from all these unknown potential liabilities. 

Let's say I came to you and said, "Hey Alex, I have an opportunity for you: I'd like you to invest your money into a business that's losing money every year, with a single asset (thus ultra low diversification), and where I'm banking on appreciation over an unknown time scale because 'values always go up'?".

By posting this, I'm hoping to do my little small part in spreading awareness about this beautiful, yet all-to-unknown option that I'm sure many of us can tap into and help springboard our real estate portfolios, but just don't know that it exists. 

Now, Over analysis and paralysis are both simply symptoms of fear of the unknown.”

This is my first time ever buying a house and the whole process is new to me, I feel like I'm stepping into the unknown.

Texting is definitely the new wave, with less pressure to answer a call from an unknown number. 

Be open to big deals, even with unknowns.