Here is why:1) every month I'm paying down my debt using my cash flow and can pay extra towards my debt and still make more money vs waiting for future appreciation2) rents in my area have gone up for 80 years now3) my rental income is subsidized by HUD so your tenants over time will not pay consistently when they lose their Job, get disgruntled, have a bad day lol4) the rental income I get is 2x more per dollar invested therefore I more than compensate for higher appreciation but I have advantage of 1 to 3 aboveSummary my IRR is guaranteed you are gambling on both your tenant and local market.

There are already 4-5 "buy houses" bandit signs around every corner and our craigslist is just spammed with everyone's buy houses/rei ads (not properties).

There are many other ways of getting financing without the gamble of possible financial misery of a loved one. -- Good Luck - JonI love that strategy Jon!

Buying things on Craigslist, garage sales, lemonade stands, hot dog carts, private party used car sales, flea markets, gambling, and day laborers don’t take anything else.

Why not take a gamble with a hungry newbie on something small and get through the deal with them, rather than relying on them only.

You might already be doing this so if you have 100K in pure gambling money, then that's a good entry-point for So Cal real estate.

At best its a semi-educated guess, at worst its gambling. 

(Cashflow from other investments make this possible) They invest following the macro and micro trends and don’t gamble on gimmicks such as guessing where Amazon’s next HQ is going or where the hurricanes just crushed a market.

Well, it's really easy to spam job applications now.  

These skinny deals with nothing left need to be belly to belly.Choices are-1) take a gamble you can do most of the work yourself.