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

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. 

Acquiring property management companies these days is a challenge and you will find out that even if you have a large check book, you are essentially buying someone's identity and future (in their eyes). 

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.

I am curious to learn a bit more about these unique things. 

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