I have a lady supposedly from the UK who said she wanted my apartment site unseen and that she wanted my address, phone number, name etc so her Dad could mail me a check.

Hey there everyone,I know this is really of the topic of investing and what makes up our industry of today, but check this out ladies and gentlemen I just made it to 100 Post and i feel real gooooddd!!

It's like going on a date with a woman (or guy for the ladies) that's 30+ and expecting them not to be some level of crazy.

There is a ton of risk in taking a property like this on, and very little in the way of cashflow to pocket while the appreciation is gambled on.  

In this regard it's more about how much of a gamble to do you want to take on the appreciation play.

It's a much higher gamble here.

I missed one of the calls late last night and called back today, where the elderly lady answered and said she didn't know anything about a rental but the house next door was for rent, which tipped me off they were the ones who called from her cell phone.

Looks like a gamble to me.  

We met up at our townhouse, had a 1~2 hours conversation, that lady practically taught us everything we needed to know to do it ourself!

You can put in some preventive measures like a built-in cleaning lady (monthly) who also acts as your "spy" ;-)My student house was rented for 4 years, so yes when they moved out it was the equivalent of 4 years worth of move-in & move-out by multiple tenants.