However, high property taxes and rising values can pose challenges.

For me biggest challenge I always have is getting returns done and k-1s issues

Will you be able to spot an issue by doing a drive by every couple of weeks.I'm challenging you Brian to get of the fear of "out of state".

Quote from @Julia Lyrberg: Investing in Austin's real estate market can be challenging due to high property prices and market saturation.

This may be challenging with both of you in full-time W2 jobs, but worth considering if one of you can transition to real estate part-time.Alternatively, the Short-Term Rental (STR) loophole offers another path.

Most of the people I see that are moving into Waco are out-of staters that have their own business or work from home so its not like there is a strong supply of decent paying jobs.  

The biggest challenge for being a great realtor is always generating leads and staying organized.

Its always been my understanding that renting in the winter months can be challenging compared to spring/summer.

Challenges?

So, I'm challenged right now finding a property that will cash flow well enough for me to pull the trigger.