I have a couple of repeats each year, must it's typically a weekend sport and has been hit or miss.

You are gambling and making assumptions on things you have no control over like interest rates, employment, etc.. 

I was real close to trying one on the lake property here in central Fl .. but i let a top real estate agent talk me out if it .. if my numbers were even close ..and seeing how i could get the property with a tear down house on it for $100k w/ the house torn down .. then i was looking at putting up a 35-3700sqft container home for right around $200k and with homes in the area fetching a average $230-270 a sqft .. i figured i could have made a tidy profit for me and my partner  .. ..note ( even though the property was lake front , there was a active rr track right across the street which is one of the main reasons i passed on building anything there ).. i dont have a ton of my own money to gamble with and , i certainly dont like to gamble with other peoples money to the tune of $300-350k unless its a no brainer which means its not much of a gamble.. let us know if you do and please post costs and pictures .. i think its a great idea ....oh ya .. there are used ones and then there are one time use ones .. they cost a bit more but if you are worried about dents and what not then i would pay the xtra ..

The reason I feel that Cleveland is not a good market is that the population has been declining for quite some time, there are a disproportionate amount of houses compared to the population, no large industry, weather that may cause maintenance issues down the line, and then there's the Cleveland Browns (sorry, could resist a loving jab at our sports team).The positives, while I view them as not enough to outweigh the negatives, are homes are cheap (but so is rent), at least it's not Detroit, and the homes are readily available for purchase and rehabbing.

Account ClosedAppreciation is gambling - even for the highly informed and educated.

You would just have to weigh this against either gambling on them not exercising their right while you start your rehab now or waiting the 6 months and then beginning your rehab. 

@Jeremy Chaudet I'm a big fan of Philly as my parents are from there and brainwashed me from a young age to be a fan of Philly sports (Fly Eagles Fly!).

Hello BiggerPockets, Would you deem it a gamble to take out a 1,000$-3,000$ personal loan to run a marketing campaign for your business via yellow letters, bandit signs, driving 4 $$, etc?

I wonder if we could come up with a work around for that.The appraisal seems so much like a gamble.

A lot of GC''s have time and money tied up in there business and would rather be hired for a job where they know they will profit rather than gamble on a property that could not only lose money, but also keep them and their employees away from other paying jobs.