For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

They have definitely become more challenging since rates have gone up.

If and when someone, or a reliable company comes up with a deal to fully manage a single room rental property for me then I’ll look at the profitability, ROI, and risk and consider it.  

We just fixed up the house and have it on zillow with several applications in 24 hours. 

Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

While you're double-checking your numbers for the 17th time, a pro already locked up the property, negotiated seller concessions, and lined up financing.The real question isn’t "What surprises new investors?"

You didn't mention the higher Florida insurance costs. 

A very high tech one.Here's how it works:1) Call 720-902-85522) A real estate investor will pick up, or text you immediately, notifying you that they will call back if they are on the line.3) On the phone, tell us your goals, and we will connect with the resources or network you need to solve that problem.That's it.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

My partner grew up in Honolulu, HI so she knew the area and how tourism drives the city there.