If it was easy everyone would be doing it and the rewards would be smaller.

Being attracted to high risk high reward is a plan best used by those that have a lot of room for losses.

I pretty much thrive on high risk, high reward investment properties.

They certainly offered to allow me to back out of the deal, despite the fact that the addendum indicated that they didn't have to (though my attorney thought we may be able to fight that in court).Regardless, I often put down $5K, $10K or even the full purchase price of the property in EM...while it does pose a little bit of risk that the cash will be tied up if the seller can't get clear title, I believe the rewards (getting some great deals over other buyers with higher offers and lower EM) was well worth it...

There is a hughe financial responsibility and risk taken for the reward, as with anything else.

Don't forget to share your successes, failures and rewards your choices have brought you.Great post BillPatrick

There are calculators on BP and other places you can practice with to get comfortable with analyzing properties so when you are ready, its not so daunting.I actually specialize in STR in the Orlando area and that is a whole nother conversation (which I'm happy to have) The cash flow is far more unpredictable than a steady long term rental, but the rewards can also be quite a bit better. 

With risk comes potential for reward and consequence - more so potential for reward when t is calculated risk.

Pretty much all aspects of life have a pro vs con, risk vs reward, convenience vs money and time component to them. 

One might say this kid is crazy and in for a rude awakening, I would say it's a challenging opportunity that if cautiously and diligently embarked upon can be successful and financially rewarding.