I think this thought that appreciation is gambling is a horrid statement and simply not true but its been beaten into the starter investor over the last 10 years because of what happened in the GFC..   

I would certainly see what they say instead of gambling that they don't find out, but it's a tough call.As far as how to form it, you can probably do it yourself on the website for the state of Texas, but the operating agreement should DEFINITELY be done by an attorney if there is more than one member and especially if it's not husband and wife.

Also plenty of people buy the post cleaning trip even though it literally only allows them to leave pieces of garbage and you can still charge for any other cleaning needed so that’s easy $$It helps to have a partner but if you can come up with a cost effective game plan to turn it over, you’ll be happy and see a steady profit as well as have an asset(I do miss driving the sports car I rented out) Good luck and remember customer service!

In recent years, Arizona has cemented its position as a world-class destination for leisure, recreation, events, conferences, sports and more.A record 45.4 million overnight visitors came to Arizona last year, up from 43.9 million in 2017, according to a new report from the Arizona Office of Tourism.

Also all of the sports activities downtown should generate potential AirBNB lodgers.

You bought the house to live in, not to gamble with. 

I know the REFI process can be a bit of a gamble.

No more write offs of gambling losses, employee expenses, tax prep fees, investment fees, etc.529 State Education Accounts can now be used for primary and secondary schools in addition to higher education and can now also be used for religious and other private schoolsYou can no longer unwind a Roth ContributionSo many other nit-picky changes that will apply to very few folks, but will be important to get right for those to whom it does apply.

Michigan has everything to offer in terms of outdoor activities, including hunting, skiing, ice fishing, golf, and every water sport imaginable, as well as inexpensive venues at which to enjoy them. 

To find out, speak to the owner, neighbors or any local realtor.To the latter, I'd say this is the same gamble any local builder would take.