An outstanding candidate who was thrilled to take the apartment. 

Gambling ?

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.  

I'd love for you to be one of those success stories.If you need any help or support, i'm thrilled to lend a hand - PM me - and lets get you some results  - you need to work though - those that post negative comments tend to blame others for not getting results.

Even still, a turn-around project, at its’ very essence, is a calculated gamble for all.

They got their loan and bought the house and the seller didn't have to lift a finger.It was a gamble for them but it paid off.

If you buy in those areas you are really gambling on appreciation on the back end more than cash flow growth today.

The agent may, in fact, be telling the truth and working in the buyer's best interest if the buyer doesn't want to gamble on a short sale.