They’ve recently overcome the challenges you’re facing and are often the most willing and able to help you navigate themGood luck! 

Older buildings often have charm and character, but they may also come with maintenance challenges.

Challenges?

Expensive markets can be a challenge, but here are deals to be had, depending on the amount of work you are willing to do.

For some, the potential growth and lack of state income tax might still outweigh the challenges, while for others, the high property taxes are a dealbreaker.

Sometimes I question whether there is some real estate investor challenge I am unaware of where investors actively try to one up one another with new ways to toss their money down the drain. 

Additionally, house hacking isn’t an option as I have 3 young children. 

Best of luck during this challenging time! 

The biggest challenge, more than handling maintenance, is managing tenant relationships and understanding the legal responsibilities.

This is particularly important as you acquire more properties.Transferring the Property: If you're thinking about transferring your current rental property into an LLC, be aware of potential challenges that I have personally seenMortgage Implications: Check your mortgage agreement for any clauses related to property transfer.