Took the gamble and offered what worked for me.

YOU have the best answer possible,, from :Account Closed are using the proper State Approved, Court Recognized leases for your State..Join the Association and also download your state landlord tenant laws. 

If I had not won the case I would of lost money.that's crazy gambling there. :)  I've always wondered about HOA lines purchased at auction. if I follow you correctly, you bought the HOA line for $7600 and then plan on making $ off of the rent spread until the bank forecloses and then you have to give the house back to the bank?

We have two nationally recognized chapters: the Miami-Dade REIA & and the Broward REIA aka BREIA.

@James Wise20’s: formal education; gained experience through lots of hard work and continued to study and learn as much as possible from mentors; missed some opportunities, made a few mistakes and learned lessons from those experiences.30’s: lots of smarter work; shifted from the side hustle to focus on building systems; recognized and took advantage of more opportunities; built rental portfolio. 40’s (current): still working hard and smart; focused on using and improving systems based on experience; looking for additional opportunities but thinking bigger and more about long term plan; while I probably have less energy than in my early thirties (and more to juggle with career, investments, family, church and service commitments), I am much more efficient now in nearly everything I do.

The reality of today's marketplaceBuying a property subject to the existing mortgage loan is a risk versus reward gamble.

This that I read here, it's not investing, it's gambling.

Timing the market is like gambling. 

I'd get a good handle on risk tolerance so you're investing rather than gambling.   

This is a 1 bedroom condo that does not make sense to rent out.Purchase price: 390kRehab: 30kCurrent value: 485kWhen I say 485k, I mean that if I put it on the market for that price today then it would have 10 offers for that price within a day.So the main question is:Do I sell it now and pay the higher taxes on the sale, or do I gamble with waiting till October to avoid paying capital gains taxes?