problem arise when they don't watch the variance of pricing per quarter or at least every 6 months because many times it fluctuates. what's steaming hot now might be warm within 6 months. you can't go by the national housing market reports and think that it speaks for every city and every subsection around the country. buy and hold investors know this but speculators aren't always aware of it, which results in ugly properties staying ugly, getting uglier.  

An offer on a property based on speculative numbers site-unseen and from a distance, and refined during due diligence.  

If you can't answer those questions, you are speculating.2. 

For me, cashflow is king, which is what it looks like you are searching for, so just be careful in those highly speculative markets that have seen substantial growth overnight.

@Ken Kwok What you've described above is the essence of speculation. 

Currently many of the coins are very speculative so you may experience bigger swings than expected.

We still haven't heard back from @Rav Ram , so all we can do is speculate.  

It's rare to see highly active investors talking about these types of things.Stop speculating and start finding deals.:) 

Seriously, this was my fun speculation money and I didn't invest more than I could afford to lose.

Durham is speculated to have an additional 70,000 home buyers over the next decade.