People buying for their personal residence are going to have enough for a down payment and be approved for mortgages-there are always people who seem to find money to do that regardless of prices or rates.

Visit in person to try and gauge the repairs. 

I try to make the properties tenant proof and that they feel safe.

Feel free to message me links if you find someplace and I can give you a run down of what would need to be done to make it sec 8 compatible.

The police called the number, introduced themselves and the person on the other end immediately hung up.

The short term rental market in our area has been doing really well over the past year and we feel this property is a destination unto itself.

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. 

i do not know anything about this person you are referencing but i never understand these types of questions. 

My question is how long do you personally wait to see how your Airbnb venture is going to go until strongly contemplating long term?

I have two good PM options in Dayton, feel free to DM.