That barrier to entry is very challenging and if $8000 is enough incentive to get ones butt going, it is worth it. 

Waiting for rates to drop before refinancing mitigates the risk of locking in a high-cost loan and significantly reduces the pressure on cash flow​.Upcoming Opportunities: Many investors who bought aggressively during the 2020-2022 period, especially those with five-year fixed-rate loans, may face challenges when their rates become variable around 2026-2027.

The biggest challenge is all realtor appraiser are an in the moment snapshot. 

I see a few challenges arising with this type of set-up.If for example, he/she doesn't do a good job or if you no longer need their services or if a conflict arises between landlord and manger.Is their a way to structure the managers pay without bumping in to challenges later on?

Moving up to a 5-6 unit property brings new challenges and opportunities.

Overseas investing is both a lot of fun and brings different challenges. 

Despite these challenges, the proposal could complement other housing reforms aimed at addressing the nationwide shortage.

Challenges?

Without that existing network, I’d find out-of-state management much more challenging, and I generally wouldn’t advise OOS management for new investors who don’t have reliable local contacts.Currently, I’m in the process of transitioning my properties to a local property manager.

Same goes for CPAs, by the way.EAs are more qualified in defending you against IRS problems, this is what EA training is about.