@David Faulkner is on the right track, but at this FMR, I would expect tons of amenities, lots of cultural activities near-by and an ocean view.I see the seller is speculating / fishing just to get out of the property.

This site is awesome and filled with useful information.A question on securities: what is your opinion on dollar cost averaging into index funds vs. a more speculative approach?

The appraisal for the 203k will be very conservative since it's based off of speculation of the ARV.

I would like some direction as to finding hard money lenders that are more lenient towards investors with speculative opportunities.

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

So the old saying of "a bird in the hand is worth two in the bush" is applicable here.... if you want guaranteed access to $200k, that $200k needs to be sitting in a FDIC insured depository account, or your access to it is purely hypothetical/speculative in the event of a downturn.I'm young, so that's drawn from me doing the old "you prepare for the next 'war' based on what happened in the last 'war'" thing that is far from perfect.

I would not recommend buying land as a speculative investment if you are guessing the land will increase in value for one reason or another.

Without more info it's difficult to speculate.

Now is not the time to speculate.

I am seeing most multifamilies selling below 6.5 caps basically speculating on appreciation (which is never promised).