Capex and tenant issues tend to exceed cash flow and when you decide to exit after a couple of painful years, you are in for another surprise:It is shockingly hard to sell cheap homes! 

I made enough mistakes to cause enough pain so that I crawled into a corner and curled up in the fetal position for 30 years.

Since this house is one I Airbnb part-time and live in part-time it's more painful because I have to experience and see all the issues myself!

Some of it is just a royal pain in the ***.

I know lease prep is a pain, been working on them and there are lots of new regulations and it would be easy to screw it up. 

The time it takes for the draws from tenants and then the ACH transfer to you leaves you getting pain on the 7th or 8th of the month, the $1 ACH transfer fee is an annoyance that has drawn some complaints that are as petty as the fee feels, the new tenant application features are sub-par, and I'm not sure how well it properly informs tenants of the additional charge for credit cards as I got panicked texts about the added fee from a tenant already going through some hardship.

You can Google it, but in general Judicial=Longer, more painful foreclosure process.  

Will it be a painful experience?

It pains me to hear what my fellow landlords are going through.

A lot of landlords, especially mom and pop landlords, have pain points and struggles in being a landlord.