Everything is a gamble,, just be ready.

Generally speaking, a primary residence shouldn't be considered an investment, as the cash flow is always going to be $0 in the best case (and if you purchased hoping for appreciation, you were just gambling).So, assuming you like your house, plan to live there long-term and it's paid off, why be concerned with the short-term valuation?

General consensus around here that I have seen is that:Buy and hold guys don't want the liability of a tenant getting sick or claiming to get sick from exposure to some area that missed treatment, or the soil in the yard if it has some unknown contamination.And flippers aren't willing to gamble that they got it waaay low enough to take the back end discount that they will need to likely take to get a end buyer to purchase.That is what I've seen pretty much every time this question has been posed in the past.

I'm located in the Pittsburgh area and so far I haven't been thrilled by the services that are being provided by my manager.

I'm thrilled to be a part of this network and I have to thank you already for all that I've learned.

If this 15k is only out of 400,000 in cash you have to invest then it is a under 4% gamble if it's non recourse of your total liquid available funds.

I met with the property manager, Luke Westerfield when I was putting in offers on rental properties and I had a good feeling about him and his company so when my sister asked my recommendation I sent them to Luke and they have been thrilled.

He wants to attempt it again but I want him to understand that with his credit all jacked up the banks are not really working in his favor.The guy wants to use the owner finance as the last option and wants to rent it out now until he knows if the loan modification will go through, I think he is gambling on the wrong thing and will end up losing the house, leaving him nothing but a loss.  

Just seems like such a gamble.   

The parameters are set heavily in their favor to minimize their risk of having to pay out.So you can pay for their services and gamble that you will be that 1 in 1000 customer and come out ahead, or you can do everything on your end to limit your chances of needing their services, and keep the $$ in your own pocket