.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.

I think the emergency fund can be a challenge for somebody to put together especially starting out, but the sooner they have one the better. 

Consider properties with value-add potential to boost rents and improve cash flow.Good luck!

There might be Some exceptions such as you did a bunch of repairs/improvements which increased the value of your home .

Purchase price: $18,750 Cash invested: $15,000 Purchased old house frame on 1/2 acre, intending to improve it and sell it.

It's like you're building a money-making machine with PadSplit, but the fine print in the financing realm can throw in a curveball.Have you run into any specific challenges or surprises when it comes to financing after making these renovations?

Specifically, I’m drawn to distressed properties, such as pre-foreclosures and foreclosures, because of their potential for strong returns and lower acquisition costs which I feel is a great combination for a new investor with my budget.That said, entering the U.S. market as a Canadian comes with its own set of challenges, and I want to make sure I’m approaching this the right way.

Remington, I own properties in Athens and while the data/statistics/analytics might look great - there are many challenges with actual operations. 

I'm sure the numbers look bad, and they think they can improve them, reno and increase rates by 25-30% and that is the business plan. 

Challenges?