Often, you have to wait several years for the tax liens to clear, so you'd have to wait even if you bought it from the other investors. 

I have spoken to several groups where $50mm is about their minimum check.  

For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).

This combined with actually getting a handle on the success rate of the leads I am getting will bring the clarity to my biz I am severely lacking.  

I was really interested in a 1/1 on top of a hill (had a bit of a view) but was several miles north of Hochatown, so was talked out of it by my realtor.

I have joined several REI Mentorships including WREIN (Women's Real Estate Investment Network) in Dallas, TX and and Vertical Street ventures in Phoenix, Arizona (Syndications) .

@Brian Scott From a tax perspective, converting your entire property to rental units comes with several benefits.

We have several rentals that we have purchased over the years near the Woodlands/Conroe area that have performed much better for cash flow with the same appreciation %.

Long vacancies (6 months+), ridiculous turn times and costs, surprise add-on fees, several days to answer questions, and then responses incomplete.   

I attend several of the local investor meetups around the Charlotte area.