The challenges experienced in the cases mentioned above and elsewhere would be non-existent.

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

The second challenge would be finding land in a decent enough area where building a rental makes sense.

Being a Navy public affairs officer and moving often sounds like a unique challenge, but it also gives you the chance to explore and invest in different markets.

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.

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.  

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.

I just closed another one with Easy Street Capital and it was very challenging because our Loan Analyst assigned was pretty new, causing many delays and errors that should have been caught early on. 

I can't tell the future, I just will tell you markets behave when supply and demand are close(r) to be met.

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.