Financed by securing debt on a different asset in our portfolio where we could get the best terms given the rising rate environment.

A challenge that may arise, depending on the other tenant leases, is that they are all paying above market rates and will see the new rate being marketed and will want a discount at renewal.

Both of these challenges can often be minimized with the right team and guidance from an experienced investor.As @Jay Hinrichs mentioned, appreciation is the main driver of wealth in real estate.

Investors are almost always the biggest challenge for any group, new or seasoned, but especially newer investors.  

They are made out of Core Ten Steel, to resist Saltwater environment which requires Virgin Steel.

Challenges?

It also discusses the market's challenges in finding cash-flowing single-family homes under $350K.

Challenges?

Are there specific considerations, tips, or challenges I should be aware of in these areas?

I’m eager to learn and would be grateful for any suggestions or experiences you can share, especially if you’ve dealt with challenging markets like this one.