There are many ways to overcome the problems he offers up.

(I could write books on how much we've helped those initial investors overcome those issues, but it is not contextual to this conversation.

Good list Brian Also, begin with the end in mind...What are you trying to achieve, what risk are you willing to take, how much time can you afford, what are your strengths, what are your weaknesses.If you are risk adverse - try wholesaling a few deals firstIf you risk tollerent - buy a property type that is selling in an area you know and understand; that the numbers will return a minimum of 25% cash on cash.

(I'm not heartless, I'm just not going to waste time and money on a deadbeat, I will stick to this philosophy within reason.)Once I've got enough properties to make management a full time job, I'm outsourcing to a property manager and will focus my efforts on managing my property manager.EXPENSES:Mentioned earlier, I realize that on average 50% of collected rents go to expenses along the life of the properties so I will set 50% aside diligently in the LLC's savings emergency fund to kick Murphy out of the business.MY LOGIC:I am risk adverse.

Of course the deal has to be right, but it could be one way of overcoming the objection.

nancing; to maintenance; to landlord & tenant issues; to working with partners, Eric has experienced most facets of building a real investment portfolio.As an effective real estate problem solver, Eric loves to help others overcome the obstacles faced in real estate investment, including breaking through the hurdles of getting started and providing property analysis consultation.  

How do you overcome these 2 obstacles, if you do overcome them?

Being young might be a bit of a hurdle to overcome until you get some experience under your belt.  

What is your biggest mistake investing in real estate and what did you do to overcome it?

People can make opinions for both strategies.I am not an investor for low income properties no matter the reasoning.The attorney from what the original poster was saying sounds risk adverse as an investor and wants to play the long game.