Challenges?

Quote from @Cheryl Abram: Quote from @Duke Giordano: The nature of the limited partner and syndicator relationship is at best "holding information back" and at worst "deceptive or untruthful". 

If we were a GC and had cashflow for 2+ years and positive NOI they would consider a small business loan but outside of that, its challenging getting a business loan for real estate.

I know cash flow can be challenging in Texas but if you are anywhere near break even it's a win as long as you're in a good area because values are only doing one thing over time in that DFW metro.

In many cases, it takes a few years to really start seeing any appreciable cash flow, but it is the relationships we make, the learning and overcoming challenges and obstacles every day that is the true rewards in this business.

The only challenges you haven't mentioned is advertising for roommates, screening them and where to get a lease.

Pretty good from @Nathan Gesner too, BUT not 100% all the time.We know some turnkey companies that do NOT want to own real estate or are very picky about what they keep and sell the rest.It is a challenge making sure they are not selling you the property for MORE than it is worth.What country are you currently working in?

Property owners in Florida have faced significant challenges with squatters unlawfully occupying their properties.

As someone who lives in Dallas proper, and gets good natured annoyed when some one who lives in Plano says they live in "Dallas" they places you mentioned would make folks who live in Prosper blush (40 miles from Dallas) blush.

But if do a BRRRR from far away that's risky too, without a really good and trustworthy team in place and lots of checks and balances (security cameras, someone local to check on your property) and the ARV and refinance aspect can be challenging.