Professional sports mogul and rancher Stan Kroenke, whose holdings include the Los Angeles Rams football team, has been approved to purchase the iconic W.T.

I've owned and operated a sports pub for the last 18 years.

Let me be real clear that this property was so unique that it would be a gamble as a flip, so it only made sense if we were going to either a) live in it or b) rent it or c) do both, live in and rent it.

Only the most desperate renters would probably agree to live there so the price of the property would have to be dirt cheap and cost you as little money as possible in the rehab to make it worth the effort.Your gambling that the surrounding area will be gentrified in the next few years and increase the property values.If this was in Southern California I would say yes absolutely but,the ATL may be a little harder to wait for unless the population booms there in the next 5 years.

Thanks for being such a good sport Minh ;)And that timing when I walked in the door when you were commenting on @Al Williamson 's net vs gross comment.. priceless!!!

Real estate is a contact sport!

Investing is a team sport.

I gambled, held on till 2006, and sold one for $740K, though realtors say I can get $800K or more.Good thing I wasn't that greedy.

I like to be active and play sports like golf and softball and enjoying the wonderful Colorado weather.

But I figured I'd gamble on it this time and chance missing a month of rent.