Removing a lien is challenging because you need the person who placed the lien to sign off to remove it.

Challenges?

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

I see the price range for these types of properties is between $1 million and $1.6 million, but finding a good deal in this market can be challenging.

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

Challenges?

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

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.

•What challenges or surprises should I expect?

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.