If you are confident you can over come all these things, you got a good shot.I ran into a similar scenario.

It's about jumping in with some knowledge, accepting you might make some mistakes, and overcoming those mistakes on your way to success.  

How do people overcome DTI limitations of a saturated RE portfolio? 

But we are savvy investors on BP we can overcome anything :) anyway if you would like to take a look at my property list drop me a line.

Once the initial investment hurdle is overcome, subsequent endeavors tend to become more manageable.If you would be gracious enough to spare some time from your schedule, I would greatly appreciate the opportunity to engage in a lunch or dinner conversation with a fellow Multifamily investor residing in the Chicagoland area.

There's a reason someone else didn't buy them - if you find out why and overcome what scared everyone else, you have a new strategy.  

I think the finding deals part is the one hurdle I cannot overcome. 

The Plan - so how do you overcome these issues?  

I am excited and hope that any challenges we meet will be overcome in short order.  

To flip this a bit, I'd mention that, with some mentorship, all these misinformed notions can be overcome.