**************/mvc/auction/810929So buying it is a gamble that the owner never pays it off and you could foreclosure on the house.However if owner pays it off then you would loose everything over the $85 you pay?

However, if he is giving you a discounted fee for his labor and is willing to gamble on a percentage of the "profit" instead then that would be okay - but you may have to dig in your pocket to pay that percentage at the back end. 

I'm 25 years old, my background is in the action sports industry, I grew up skateboarding, surfing, and snowboarding.

That demand along with conventions, sports teams, eSports, population growth and a lot of other things going on there right now is making me very optimistic about Vegas' future prospects.

Typically this means that if you're living modestly and have a rental empire, you will be good to go, but if you're living in a McMansion with 3 financed sports cars and have a rental empire - not so much. 

Not having more info I would gamble that your price needs adjusting .  

Not interested in gambling and holding onto this for a few years.

Appraently they are considered low risk for lenders and I would think in my situation they would feel pretty darn comfortable that I'm going to be a good gamble.

If you used it to repair your primary home it could be 2nd mortgage with limitation, if you used the proceeds for a new sports car it is personal and no deduction.

Real estate is a team sport, and there is no way any investor can do it all on their own, unless they want to burn out.Don't consider moving up, you are already at that point.