Rent to close friends and family and on AirBnb to cover my expensesOther than that I think finding a LTR furnished at that price point will be very challenging

Unless you're up for another challenge holding and renting creates headaches and PM "fun" you don't have time for. 

Challenges?

To me it’s a challenging game, an intricate puzzle where if you learn how to play you get great results.

•What challenges or surprises should I expect?

Property owners are almost always named as a defendant, at least initially.

I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

For those of you actively working on fix-and-flip projects, particularly in dynamic markets like Houston, I’m curious about your approach to navigating today’s challenges.

Yes, the economies of scale are better but I feel the jump from duplexes to a 20 unit will be much more challenging than you think.

The challenge newer investors face is that overpriced properties tend to sit on the market for 60+ days and they see them all the time.