I do not recommend someone who has never owned real estate to do a fix and flip as real estate is challenging and cost prohibitive, I recommend if never owning real estate to start with an asset that does not need major repairs. 

If you get dealt that character card, your primary challenge is that you need to replace a lot of income to get out of the rat race.

@Celine Besson there will be several challenges:1) Finding a Grate Property Management Company. - See our copy & paste advice at the bottom of this response.2) Managing the Renovation- Everyone thinks a PMC can easily do this. 

Of course, these properties are full of challenges so be prepared before you start. 

I only ask because that is, in my opinion, the most challenging part.  

Hi Jonathan,Congrats on your first big renovation deal—it’s an exciting challenge!

Weekdays are particularly challenging.

Don't discount that.Real estate remains a valuable investment despite current challenges due to its tangible nature, long-term appreciation, and potential for consistent rental income.

This is a challenging time to place tenants.  6 weeks is my second longest ever with the longest being a unit that was ready mid December and took over 8 weeks. 4 months is long.  

Living with your tenants can be very challenging speaking from experience.