The challenge with unsafe areas is (1) potentially higher cost of maintenance such as broken windows, etc. and (2) this is by no means meant to be discriminatory but anecdotally from people I've spoken to the challenging tenants tend to be at the lower price points.

I want to make sure the PM can handle challenges--that's why we hire PMs!

What challenges did you encounter in fund formation, compliance, or deal structuring?

I'd challenge you to scroll through the forums here to see all of the self managers who are dealing with nightmare tenants and situations in order to save a few bucks per month on PM.

I'm a local Denver agent primarily, but I'm familiar with some of the challenges up in the mountains because no deals make sense running the quick math. 

Challenges?

I took the course last October... got swamped in my currently real estate business... went through a 90 day "challenge" course with RAL academy....

Most Class A tenants won't challenge your proposal.

Challenges?

In Cleveland you can find below market rental ready duplexes that require minor repairs (keep in mind that discounted properties come with their own challenges).