This is the gamble with investing, though: do you think prices and rates will go up or down over the next five years?

You will be gambling in hopes that the areas appreciate more then they already have and your cash flow will be very slim if any at all.

One big one to me is how convenient it is to go to the branch if you need to.

Conveniently located near a variety of dining and shops, and also just a couple miles away from Case Western Reserve University, Cleveland Clinic and University Hospitals, Mikros on Larchmere is situated in an ideal location on Cleveland’s Eastside.

Tenant elects to accept the property in its current condition and/or they are waiving their opportunity to inspect, at their own choosing and for their own convenience.

Money is made on mortgage pay down tax bene's and GULP that big gambling appreciation..

Buy houses at the auction and sell them off after if you want a short term gamble. 

If you need to draw for unexpected capex expenditures or cover part of your downpayment as a bridge until you sell or refi, this is a convenient way to manage working capital.3.

I can hang onto it for a year or more and sell it when the market dictates.OR I can wait until it is available to investors (in 2 days) and take my chances in a bidding war and then flip.MY CONCERN IS: This would be a cash purchase (on credit card convenience checks at 3% simple interest).

Gambling on future value is risky and it is the main reason we had the last real estate market crash.