They do not take the time to know what a tenants needs really are let alone how to handle a tenant that might be overly needy or unreasonably demanding.Accounting — I have to audit the statements on a regular basis.  

If the time is reasonable and they do what they say then I allow it.If the time is unreasonable or they don't do what they say then I immediately start the eviction.I try and train them early that their are consequences for not paying on time.

I work in marketing so I see right through any of those guru campaigns but know a lot of people do fall for them.if having no money is the hurdle then just read up on all the creative financing stuff people post on here!

This is the number one hurdle that people tell me they run into.

If the tenant is not communicating with you, that falls under the "tenant unreasonably withholds consent" clause and you can post a notice on the door at least 12 hours in advance. 

Hi Paxson,You've crossed the biggest hurdle of getting into this game by actually purchasing your home. 

Through various court battles and decisions, Jerry established the principle that due-on-sale clauses were an unreasonable restraint on alienation of property and therefore unenforceable, thereby enabling many sellers of homes to retain their homes and sell them, rather than lose them to lenders in foreclosure. 

Our biggest hurdle now, is capital/financing.

both please as I am trying to enlighten myself as to avoid some hurdles. 

I'm sure the GC would like to make at least 10 to 20% of the project costs which would tack on an extra $10k to $15k.With all of those assumptions, you can see why I don't think $70k is an unreasonable estimate for the project.As JScott recommends in his book, when estimating costs for projects you need to put together a detailed list of every repair and then price out each repair.