Naturally, he made a cool $1k!

Reread what @Stuart Udis wrote.We can testify to the same challenges after 25 years in our marketplace.We also agree with @Kristian Sexton about starting with a PMC.

That process has direct lender involvement.Where the challenge lies, is when unsophisticated "investors" with no experience, no money and no reserves use creative financing (often called wrap, subto, lease option, seller financing, land contract) to purchase properties and along the way there is a "hiccup".

Reliable, thorough housecleaning services can be challenging to find.

Beyond something of extreme nature I find most things are repairable, especially if it’s a rental.

Lending was another challenge, lending restrictions were starting to tighten up, and we had to get a bit creative with our lenders to get the financing we needed to close.

Real Estate is rewarding, and challenging.

Yep, a recurring theme is that communication from the operators is essential -- especially during challenging times.

Challenges?

It’s not always easy, but each challenge has taught me something new.