Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Challenges?

While Colorado's market can be challenging due to high prices, exploring suburbs like Colorado Springs or Pueblo, or even considering out-of-state markets in the Midwest or Southeast, can open up better cash flow opportunities.

And, even then, hitting your rate target would still be extremely challenging unless you were paying points up front, in which case it would probably make more sense to just try to put in a bigger down payment (or pay down the balance if refi) instead and get better terms naturally offered at the lower LTV.

or options 3, 4 and 5 don't supply washer and dryers and either the tenant provides their own, rent appliances or goes to community laundramat.

Securing financing is often one of the biggest challenges new real estate investors face.

Challenges?

I did find it a bit cumbersome to sign up with Apartments.com and it was somewhat challenging for my tenants too.

I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.

Challenges?