but I guess that's part of the gamble.

I'm going to respectfully disagree with the assumptions in some of the other posts as to the characteristics of a low income/Section 8 renter and what amenities should or should not be provided based on your decision to rent to this population.

I know you're not supposed to gamble on future appreciation, but there are barely any houses available in this price range, the location could not be much better, and the yard is fenced and large.

lol, it's a gamble and I'm very nervous about how it will turn out for me.

Hi @Gary Parker Regardless of how you buy, if you sell on terms as an Investor, and you have a due on sale clause with an existing commercial loan, you will have that to gamble with.

Flipping is a gamble.

I know, it's a huge fumble but one that I undertook as a gamble and I lost.2) I requested the original lease from the owner, at least twice and he either couldn't or didn't want to supply them.

Find someone that comes highly recommended from a friend, family, real estate agent, etc who charges a fair price and you will have a sucessful project anything less and you are gambling.

You aren't buying rental property.You are buying speculation property.Anytime the cost exceeds the rents coming in,you are gambling on gains on property for profit(which i think is insane)Speculation is dangerous

I look for cities that have a number of characteristics: 1.