Investors Wanted To Believe though.....I saw people pay $50k Over the HOA judgments on that gamble......a nice surprise for the homeowner who hadn’t paid his mtg for 6 years......not so good for the buyers.

It can be a life changing adventure for sure. 

This is going to be very contrarian to most on this forum... but why wait for passive income to get you on your sailing adventures?

Otherwise you will be gambling. 

For me anyone with a fico below 560 is probably a life long deadbeat, and anyone with no credit file, probably is also a dead beat, but they could have no credit for many reasons other than their lack of credit worthiness, so I assign 25 gamble points to the no credit renter and treat them as equivalent to a 585 fico.

So what's a girl to do who loves the OC, but is up for adventure?  

That said, in many circumstances it might help. it's a gamble at best imoI also assume this is for a retail primary home, if it's for an investment house then I really hate this idea.

Good luck with your new adventure. 

I gambled on the cheap solution and lost.

It’s not for everyone, but it’s a great option with almost built-in future tenants (students who come in after you) Congrats on this adventure, and if you’d ever like to talk with my husband about heli stuff, I’d be glad to connect you. :)