The only way to really take risk on these buildings is to assume you have a solid set of bones or go by outside condition and figure everything inside needs to be replaced. running numbers on anything but this would be pure un educated gambling.

It can be a gamble, but you're playing 2 strategies at once if you're B&H.

Joel, this was a yield chasing gamble, and I did spread my bets.

As a hypothetical: "Betty, who has a gambling habit, has been taking $x,xxx,.00 a month from 7 client's accounts through fraudulent invoices and payments to a fictitious company.

In turn, the same business planning will help carve out the target assets and characteristics which to pursue.

But real estate is an all-local business, don't invest in what you do not understand.If you have strong enough local ties in foreign markets and comfortable with the volatility and characteristics (good or bad) of the specific market and can expect good returns, go for it.

I agree with Rob...it's like gambling....you do what the precentages suggest...but you're always hoping for the one last thing to happen that will make you a winner.

So I can imagine the 2mm would have more flex etc, characteristics that we found to be an issue.

They view options as "gambling"...really??

Not saying Ben may get lucky and find a DMV worker who knows their stuff but if I was a gambling man, I would not count on it.Bed I would ask around and search your DMV website or office for this: "Loss Of Interest Affidavit."