It seems it's just gamble.

Weather from gambling, W2 job, or rentals.

It really doesn't look terrible, the contractors bid things to make money and not gamble.

@Nikki BaiNot sure I’d take the gamble of waiting.

We have reserves, but this solidified how important it is to have sufficient reserves in the event of uncontrollable circumstances.

I think having enough funds and a good home inspection and contractor that you can trust is a much in the  beginning otherwise you are just gambling.

Bad because often 20% is the minimum down, frequently it goes to 25% down, interest rates higher, terms overall less favorable.As for funding the down payment, save, gamble, pick up a second or third job, borrow from family or have family/friends invest with you, get an active partner, etc.

is no gambling action.

But after reading articles like this https://bang.ro/online-gambling-in-the-usa-is-it-legal/, I realized that the guy didn’t do anything so bad (except getting himself into terrible debts).Back to my question.

No agreement covers what the managing partner can do - go gamble at craps your odds are better at making a return than in a real estate partnership.