You are gambling in an arena with a hefty anti.

I do know that with this being my first rehab,it’s a gamble.

We’ll live in for the first few years, hopefully having $1,000 per month from having no rent.I’m a bit long winded, so I apologize ahead of time.My wife and I are going on a second visit to a property here in a small village on the border of Cincinnati. 

Its a gamble but most things in homes are. 

I avoid pulling comps from properties  on the other side of Main  Streets that border the property. 

Either  1) You have the money to be cashflow negative (including mortgage) for a hold and flip with appreciation (gamble) 2) If you had the skills, you could find fixer-uppers and flip or improve equity and hold (safer) 3) Or you could be new developments that are ready in 1-2 years and flip them which I have done quite successfully.

This is perhaps a larger gamble.  

It could appreciate but I consider that gambling.

You have Illinois people who are moving across the border to Indiana, because the cost of living is far less than Illinois.

@Andy Rousch Branson is like old-people Vegas in the Midwest...except instead of gambling they have an excess of theatres, and amusement parks hahaha.