By the time I load my tools in my truck, diagnose the problem, run for parts, etc it often takes 2-3 times as long as someone who is equipped for this work.I will try to handle turning units between renters because it's a good opportunity to engage my teenage kids and pay them $x/hr for painting, cleaning and maintenance and teach them something about hard work in the process.

There are areas where you will start rehab on Monday and Tuesday you will do Mondays work all over again if you understand what I mean and "the list goes on and on" making it a real challenge.

I done this not only to get more insight into commercial real estate but to try and add value to a deal while representing my clients.I look forward to networking and engaging in discussions with like minded individuals.

If you come in with an iron fist, your rapport building with tenants will be challenging.5.

Personally, I enjoy the interaction with investors, the challenges that it comes with and I really enjoy seeing those big payouts to my investors. 

Finding a bank to lend on it will be dicey and/or challenging.

This is the biggest challenge in long distance investing- I'd recommend you start interviewing again, and in your agreement with a new PM, very specifically line out what your communication and service expectations are so that there is no misunderstanding from the get go.  

The longest I've had an REO in escrow was started Dec 2012, stayed in throughout 2013, finally closed in January 2014 - but this is not normal and doesn't happen all the time.It is common for title work to have some challenges. 

The more challenging part is funding the working capital for the rehab.  

Account ClosedAny person engaged in property management activities in Illinois needs to be licensed.This would include showing a unit for sale or lease.The only way to get around that would be hire a leasing agent, which can only be used for leasing activities and not sales.