I just wish I could write off my gambling loses when I go down to vegas, but the CPA says that won't work.  

I imagine those that deal in prostitution, stolen merchandise, fake merchandise and illegal gambling may also launder their money.  

I will say, NJ is a gamble with crazy property taxes, but there are loads of people making it work.

Unless you think it will appreciate big time (always a gamble but hey, we all have our methods.)

It's fine to invest hoping for appreciation, but counting on appreciation as your sole business model is gambling with all the risk but none of the fun.If you want to keep it, I'd consider using it for a vacation rental. 

That is a gamble.

Its the same as those that go to VEgas and call losing money gambling  as but hey " its entertainment" never got that one either. 

I know you said they feel cashflow will increase in the future, but I would think thats a gamble.

They have a non refundable due diligence fee, but will give you a term sheet once they get your info and you can see what your gambling your due diligence fee on.

I am Imagine the loan of course would need to be small enough to take a gamble, but large enough to make other investors take a 2nd look.