He has been through about 4 cycles he said and he said each time for commercial multifamily was the leading drive on the rebound.If you look at cycles they all have similarities and some differences.Recognizing these patterns leads to the best portfolio and the best returns versus risk.What Rich said holds true in that you avoid the herd mentality.People that do not invest prudently do good with some properties and then the others bring them down to a negative to flat position for years before you can recover.Some of these syndicated pools of investors look at the big project as a smaller risk.That is fine if the gamble is made based on the funds entered is only a small percentage of their total worth.Example if the have 2 million liquid and want to spend 100k for an interest in a property that could throw off very high returns than they are still safe versus their overall portfolio.I can tell you that buyers think "I am buying so low there is NO WAY I can lose on this!".

If you want to gamble try sports betting.

One year tenancy should be enough to argue something in front of the judge.And then you could always gamble a bit: On one side, if it fails, you loose $100 or so filing fee and your time (if you go yourself to court).

I personally wouldn't buy a lot unless I know I can unload it fast and it has characteristics that would make it move fast (great view,cul-de-sac,nice big lot,etc.)

I did have a bpo agent friend go there already and he said it would going to be a gamble to rehab and sell but to put it back on the MLS he thought it would sell at $60k due to the land prices there.

But i'll admit that life has it's gambles.

These are very different in most characteristics.

I want my profit NOW, not the hope of profit in a year or two.For gambling, I like Las Vegas.

Employer Trend: Correct me if I wrong, but isn't the gambling industry (and all its subsidiary business units like entertainment, hospitality, etc.) the largest employer in Vegas (most likely followed by construction and then the convention industries)---if this is the case, the industry isn't known for employee enrichment/income advancement.

First of all, I assume that the landlord, with characteristic incompetence, is not going to send a written itemized list of damages within 30 days, as required by PA state law.