Lots of cash buying in the area.I have also seen some financing buys that must work out to be pure equity/appreciation gambles in that area.In the event that you DO fine a price point that works you will likely have to compete with a favored cash buyer.

The gamble is of course I pay the payment out of pocket during turn overs.

That was AWESOME....until I dove into the inventory, and discovered that in my market, that was like asking for someone to give me a free sports car. 

The property is actually located in Washington DC in an “emerging area” with clear signs of revitalizing, i.e, near new development/ plans for construction of professional sports arena, etc.

So unless you are willing to gamble with your savings, you do not save much time buying turnkey.

I like to INVEST in real estate, not GAMBLE.....

This also poses risk for short-term mortgages or ARMs.If you're going to hold rentals, my suggestion would be to set a longer-term time horizon unless you feel like gambling...

That is a huge gamble.

This is a contact sport.

I view their form of diversification as playing a round of Yahtzee: rolling multiple dice.Investing, farming, and gambling all share something in common: they all involve playing games with numbers.