Hello BP community!Long time listener, but completely new to the forums. I have never done a deal before, but have done tons of reading and listened to about half of the podcasts. This is complex, but I will try to su...

@Wes Short - I have a cleaning lady that I actually found when I was driving around for Lyft :).

We came to a "ehhhhh," okay number. 60k(negotiable with seller) I felt like I hit the jackpot until...........I actually looked up the price of transforming a bedroom to a bathroom..My God.Second House: I get a call right after leaving the first site from a sweet lady over the phone.

It's a much higher gamble here.

If you were to try to sell that property tomorrow, you'd basically lose money.If you want to gamble for the appreciation, thats one thing.

A wise land lady told me 'two things we cannot control in this business-when they pay and when they leave'.

If you are outside those areas you are taking a bigger gamble.

The neighborhood was a C when I bought, lots of elderly Polish ladies. 

We recommed another lady (finded by Zillow) who applied our apartment and passed the background check with the company.

Leverage is fine, but gambling is not.