I don't see appreciation on my properties, but I have great cash flows and I don't have to spend $250k for a SFH. 

After remodeling an entire bathroom I found no reason to spend more on the mortar.

If you want to save $2k make the three hour drive up and spend the weekend.

You spend $100,000 on a structure and are allowed to expense it over 27.5 years.

If you are going to be Hacking a House, spending cash on remodeling, major repairs, or a large purchase such as new appliances.

You'll need to spend money on an attorney for a lot of things, but this isn't one of them.  

I would be better off just spending more time and energy being a realtor and making more sales.  

As more and more tourist income comes from non-gaming activities at least it's less dependent on gambling.  

I also spend a lot of my time at work listening to podcasts from Bigger Pockets and the Rich Dad Radio Show.But let's get into real estate.

This means you can't have a balloon payment though unless you are willing to gamble on appreciation.2nd, you could make an offer for 250 with a clause saying that the seller will get their other 50 when you sell the property, or some variation on this.