That property looks fantastic actually, I think sorting out the budget would be our biggest challenge.

Raising equity can be the most challenging aspect of closing a deal.

Many buyers in this market are experiencing challenges. 

Challenges?

If you have this debt and need money, you may not be preparing yourself for the challenges of being a landlord.

Stabilizing inflation could create more predictable home prices and rental yields, but affordability challenges—especially in urban markets—remain a concern.

You could also try to find a seller who wants to do seller financing and take a risk on you, which would be challenging to find.

@Mindy PerryReally doesn't matter what software you pick as long as it has the features you want.Two biggest challenges with ALL software:1) None are perfect, so deal with the tradeoffs2) Most users rarely put in enough time to really understand how to utilize the software.

Really the main challenge is going to be making sure that your wife understands what she needs to do to document her hours and activities.

I merely made mention of some of the challenges I faced, but those challenges cannot be overstated either.