Competition is high, and consequences of making a mistake seem low.I'd love to see the statistics of how many people move to the Bay Area without having first secured a job, because--although I'm not a gambling man--I'd wager that the majority move there simply assuming that they will find a job.

It's a gamble, but an exciting one.

I didn't discover Bigger Pockets until after I purchased the property and am learning that I took a bigger gamble than I thought I was according to Brandon Turner and many others.

This can be tricky and a gamble. 

Most lenders won't be thrilled to find out you have a cltv of 100% but you will find a few who don't care as long as their first position is secured.

So long as the money that you are paying is below comparable apartments in the area you are ahead of the game and building equity.You also mentioned that you aren't thrilled with your Realtor.

That appraisal fee was a gamble, and it doesn't always pan out.

I must admit I'm struggling a little with starting a brand new website for my small local property rental business, because I was really thrilled by the the most comprehensive collection of WordPress themes on http://www.templatemonster.com, http://www.elegantthemes.com, etc., that you will ever need to build your own real estate portal.

The stock market and rates are a gamble and if I were your bank looking to finance you more property I would take that into consideration for your business plan.

Thanks guys, I am thrilled to be here and I hope to meet you all at some point.