It's something you want to account for in advance since it is technically not allowed.

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.

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.

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.

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.

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.  

Challenges?

I think the most important part is a willingness to learn and succeed plus just knowing your goals and pushing forward towards them.Each market has its challenges and PDX area is no different. 

However, if you’re just a W-2 with no STRs or REPs, it’s going to be challenging to reduce that tax via real estate.