Over the course of all of these relationships, both investor related and business operations related, I have never received feedback in the manner that you have chosen to characterize me.

I have always thought that was a gamble not worth taking, and it is even more risky in this time of rising interest rates. 

You just don't know if your investments will pay off and that is the gamble.

It could appreciate but I consider that gambling.

Some clients have chosen to recreate the calculations in the patent (you can find it on google) in an excel doc with their own personal numbers.

Beyond that... yeah, it's a gamble.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too--which is why thorough due diligence is fundamental to REI...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance headaches (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

Without that you really have no idea what the tenant is like, so its a big gamble. 

But, I have chosen to stick with southern cities and away from coastal areas for two reasons.  

I personally have chosen not to tap into any of my equity.