Challenges?

The KEY AT THIS POINT IS ESTABLISHING COMMUNICATION with the tenant because a great option could be cash for keys as @Sean McKee mentioned, but you can't do that without having a conversation.During these challenging times I try to remind myself that the tenant is obviously going through some seriously challenging times and no matter what landlord problems are still "good problems" to have...

Navigating these challenges can definitely be stressful, especially when you’re new to owning rentals.

Without active income it will become challenging to grow.

If municipal liens were due, I'm surprised they didn't make you pay them up front when you paid for the property.The biggest challenge with tax sale properties is getting a clear title that can be transferred via a warranty deed.

With several hiking trails/boats/kayaks/bicycles/etc, and just nature in general, what do most people do protect themselves from potential issues?

@Nina PenuelaI feel courage, humility, and adaptability are some key characteristics.One must have the courage to act, to engage, and to challenge.

Market Suitability: Are there certain parts of Cincinnati or property types that might be more challenging for a BRRRR approach, especially for someone with limited time?

As a syndicator, I can say that raising capital has become much more challenging since 2022, so many deals have closed in the last two (2) years that aren't fully funded and that are continuing to raise capital after the closing.There's likely truth to the money being raised going towards reserves, which is a very important part of any syndication deal (running out of money is one of the big reasons why syndication deals don't go well). 

Florida condominium associations are currently navigating significant challenges due to recent legislative changes and rising insurance costs.