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.

Finding a small multi will be the challenge as they don't sell too often, but they do exist.  

In my opinion it is EASY to find a property that cashflows and has a favorable ROI, I find those all the time; what is a bit more challenging is finding that along with the 20% under market, or value add potential but, this is how I look at property - it needs to have upside along with cashflow. 

However, the cost to acquire a property that will allow you to achieve those returns is a real challenge.

It can be a challenge when searching for a 203k consultant, a contractor, and a lender that have 203k experience and a good agent can guide you through this.If you can, have the contractor and the 203k consultant walk the house together so they can develop a report with each other if they do not already have one.

My husband & I are eager to purchase our 1st rental property, but we're challenged by financing it. 

I've been engaged with an owner for several months who plans to sell his business and retire.

This would challenge me and force me to grow and to tap a deep reservoir of potential.I'll spare you the details of that quest of inner discovery.

That’s a bad day for any publicly-traded company.Another challenge they face already is self-cannibalization.

Thomas Marshall I am sure it is, the challenge will be what position are you in 1st or 2nd and if your 1st then getting s lender to be in 2nd with 100% equity will not happen and then if your in 2nd your money is at high risk.If your looking to be passive either be a hard money lender or invest in mortgage notes.