Good luck Not long ago you would do a true brrrr get all your money out and have a property with strong cashflow (low rates) for “free”. 

Challenges?

Answer sure.. have to check if there is a due on sale clause or if you have a PG to the orignal seller.. that mortgage stays in your name unless there is a formal assumption  Maybe the example is more challenging for a house as the property.Ex. with vacant land - seller finances to me $20k with 5% down and $1k/moCan I after 1-2 months, then resell the land to a cash buyer for $25k, pay off the original $20k and pocket the $5k?

I know it might not seem true. 

Plus, investing in new construction has meant fewer headaches and better cash flow for us over time.Real estate isn’t without its challenges, but it’s hands-down the best way we’ve found to build long-term wealth.

Challenges?

Challenges include depreciation in market value (i.e., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.

I have a list of them that I can share with you.Chicago, without a doubt, has some downsides, but there are also a lot of positives, like the inventory of older multi-family properties and price points at all levels.Investing out-state can be challenging because of the distance and the need for boots on the ground that you can trust 100%.

It's hard to get millions of people to agree on anything, but it is a very tried and true way to conservatively grow a portfolio.

Morby either knows aren’t true and has an agenda to make people think they are true, or he is terribly misinformed.