Once you’re comfortable and have a solid team, you can start exploring value-add opportunities.

It just really depends on whether you're looking to invest in single or multifamily properties, how much you're looking to spend, and what type of neighborhoods you feel comfortable investing in. 

They were comfortable with a lower return because McDonald's is a behemoth with a large real estate department who very rarely closes a location once it's opened.

Sam, It really depends on your goals and what you're comfortable with. 

We have an investment in College Station, TX and since my wife and I attended school there we are very comfortable with areas where renters and students want to be.

They have the Sealy Sterling Cool Comfort for a dollar less than this - https://www.costco.com/sealy-sterling-collection-cool-comfor...$74.00 Emerson Sensi WiFi smart thermostat - https://www.amazon.com/Emerson-Thermostat-Version-Energy-Cer...This is the exact one we have in our lake house.

Perfect and comfortable for two families, children, and maybe gramps and gramma!  

I just want to get more comfortable taking that risk! 

This would eliminate the need to find an Attorney willing to close something they are not comfortable with.

Hey Michael - we definitely have a lot of consensus here - based on the facts in Texas, I would agree with you that it sounds like the burdens and benefits of ownership (or at least a significant amount of them) are transferred as of the auction date, and based on what you stated, I would also feel comfortable taking the same position for a TX property - it would certainly not contradict the revenue ruling given the related restrictions on the property and taking possession are an entirely different fact pattern, making the ruling moot in your scenario.Which I think highlights even more one of my closing points (and your point as well on Jurisdictions) - this likely changes wildly by jurisdiction.