Remove the gambling and Pete Rose is a first ballot hall of famer.

At some point you have to take what you are learning and gamble.

The reason I gambled with my time with you is I thought both of us could build a company together regarding lease options and land contracts in the midwest where these seller financing tools are common place. 

Immediately I interjected and found out the property was sold to me fraudulently. 

Scammers open accounts, deposit fraudulent written checks, then transfer money overseas and close the account.

@David Gamble what's the nature of the business?

Avoid operation of a private or commercial golf course, country club, massage parlor, hot tub facility, suntan facility, racetrack, gambling establishment, or a store whose principal business is the sale of alcohol for consumption off premises.The 4th requirement is of particular importance with regard to the real estate company in your hypothetical. 

Most wealth advisors are salesmen gambling with your money to make themselves a handsome commission .

You will either get stuck with a horrible tenant, disorganized/incompetent/borderline fraudulent building admin, useless lawyers, or simply laws that either work against you or a system that could care less about you as an investor. 

If you want to gamble a little this could be a long term payoff but must being able to deal with the monthly loss.