Yup that was the definition of gambling..

I am sure if I paid for a professional appraisal the house would come in around 235,000 (I’m confident in my research numbers) Do you think he was just doing this for convenience' sake?

I will definitely do some research on East New York, broadway junction is such a convenient transportation hub, which is excellent for the renters. 

Supervisors/managers were conveniently out of the office and never returned voicemails that I left.

It is a mathematical fact that if you are buying a rental property in any city where the monthly mortgage payment exceeds monthly rental income, or where mortgage payments along with monthly expenses exceed monthly rent, if any of those scenario applies, a down payment would be only other material method to avoid a negative cash flow situation.You let the investor worry about his gamble on the market going up.. thats not your problem.

So, we took a gamble and sold our home we forced sweat equity into and took our equity and ran west to start over again.

It has more to do with convenience than anything.

If you have good tenants who pay on time and you want to kick them out to seek market rents because you have NOT incrementally increased rents to keep within reach of market rents, then you are gambling with the next tenant and their true ability to pay rent. 

At your convenience, drop me a line (I just learned that my post was blocked because I had given my email address I guess I should have said "1 tim brown at outlook".

Yeah I bet.He basically used wood shims or the planks from pallets to "drywall" his entire house:And as a soffit, which he conveniently put in outlets that tied to the interior of the house.