Put simply, property management is a tough business and margins are small ($1,000-$1,500 annually per home)... managing contractors is difficult but the money is much bigger and much faster ($1,000-$5,000 in just a few months)... and selling turn-keys can yield $5k-$20k.

That mid-range investor if doing a fund in that range is going to be very difficult to find enough product, cover your overhead and pay the investors. 

The neighborhood is desirable, so renting it wouldn't be difficult but it would be niche because of its size (4/3, office, dual living rooms, game room).

The most difficult thing I had was opening an account with one of the top four US banks, but after a couple of visits for more documentation and signatures, they opened it.

Hugs and Strength in these difficult times. 

If you are buying income properties in rough areas, it can be very difficult to find PM's willing to work or are honest about the tenant issues. 

This makes it more difficult to underwrite and actually be able to determine the returns that can be provided.

That made all the stress and anxiety worth it... the difficult tenants/roommates, constant noise, roommate drama, and lack of peace and privacy.This approach reflects the balance between comfort and profitability that Craig Curelop discusses in his book, The House Hacking Strategy.

It can very difficult to get additional financing on a due  project in midstream.

@James McGovernIt's important to understand state laws, but the process is generally the same.In my experience, Section 8 tenants usually pay on time because they know that getting evicted would make it difficult for them to find another property to rent.