As we all know challenges arise that were not figured in the original scope and I ran into two main problems.1.

Lindsay, it sounds like you have a bit of a challenge on your hands. 

I have a good deal of experience with renovations, loans, use of hard money, access to MLS, knowledge of my local market, etcThat being said, I am excited to begin investing in RE but here are my challenges.. 1) I am a HUGE believer in 15 year mortgages.

Not sales anymore but it was fun dressing up everyday and challenging myself. 

Having purchased a four plex myself recently, I will say there are some challenges.  

Heck; my general feeling (having  been through the torture of the program) is that seasoned landlords should also avoid it like the flu.If you remain interested in this program try to find a landlord in your area who is familiar with your local housing authority that oversees the program; they can provide valuable information on how easy or challenging it is to work with the inspectors and caseworkers in your particular program.Good luck!

I will challenge this- our market is hot, no question.

As an inexperienced investor, I plan to stay away from the more challenging neighborhoods in Newark and have so far focused on my immediate surrounding areas (Ironbound & Lower Broadway).

My hubby and I are self-employed and so conventional loans are a challenge for us.

The challenge with out of area is lack of local knowledge & difficulty managing from a far.