It might have enough appreciation to offset all the money you throw at the house in payments and maintenance, taxes, etc, but if you want to gamble with your money, there's better ways to do it.I think you need to start with goals and decide if this deal lives up to your deal standards.

So I am thrilled and can't wait to finish this one and move onto the next phase of being a landlord! 

If you have to ask THAT kind of question, you either are a thrill seeker with serious issues or you should team up with someone that has the experience to pull it off.

@Caleb Heimsoth $1000 referral fee may be needed for a professional but I bet most people you meet in the street or the garage or at the open house  or the guy at a construction site will be thrilled with $500.

Have you ever gambled any game in casino when you were in Vegas?

We're not talking SF-over-the-last-10-years appreciation, but I'm interested in predictable investment returns, not gambling.

My friend overpaid for the office next to his current office and was thrilled to do so.

I can gamble and wait till I sell my flip but not sure if the timing is going to be right.  

My name is Edward and I have always been thrilled by the idea of owning property.

Thrilled to have finally taken the leap from just reading and learning to really making a push at this!