Pre-con is speculation (gambling), condos have strata / condo corp to deal with and limit your ability to add value.

They gamble on appreciation. 

No agreement covers what the managing partner can do - go gamble at craps your odds are better at making a return than in a real estate partnership.

I currently have about 100k equity there.2016 capital gains income: 02016 business / gambling income: 25k2017 capital gains income: 152k2017 business / gambling income: 28kChecking account balance: 100k+Credit score: 730Investment property price range 165k - 200k.I can get letter from CPA stating I've been in the same business since 2010.I'm being told they will take either last three years of capital gains or last two years of gambling. 

I owned a bar with an apartment in the Dominican Republic when I went to college and It was so frustrating to be so far away and have to rely on local boots on the ground to relay data (in fact the manager spent all my cash for the project on a gambling Christmas cocaine party, ended up in jail and my boat got stolen by some Haitians trying to migrate to Florida but thats a whole different story).

I personally don't expect it to be because students can't gamble with not having housing for an entire semester/year from Fall 2020 - Spring 2021. 

Your going to go to Vegas and your going to be expecting to find pennies on the ground to start gambling with and you can’t lose because your starving and will die if you don’t win any money.

@Brianne H.It is always a bit of a gamble working with someone new. 

I don't think you'd lose much money if you gamble with one.

If you're investing in the stock market, thats a bigger gamble in my opinion.  2008-2009 is a prime example.