That is very true!

•What challenges or surprises should I expect?

I think one of the biggest risks you face with Cash Out is interest rate risk.It's really difficult to predict where interest rates will be in a 2-5 year time period, so it can also be challenging to model out future mortgage rates.

For those of you actively working on fix-and-flip projects, particularly in dynamic markets like Houston, I’m curious about your approach to navigating today’s challenges.

If you didn't budget your rehab correctly, and don't have access to more money, you will be stuck (this is also true if you buy with cash without any excess money).  

Is this true? 

Podio is extremely flexible and extensible.All that being said, here's the big challenge with Podio:  when you first sign up for Podio, there's a demo workspace with apps, but it can still look like a "blank sheet of paper." 

The candid advice about balancing quality, building the right team, and adapting to challenges really hit home.

The challenge is finding the deals.  

It’s true that freshly renovated properties should have lower maintenance costs in the first few years, but this doesn’t account for unexpected expenses.