Here are my two cents...I recommend starting in a market with strong fundamentals, such as steady population growth, an influx of major corporations or large businesses relocating to the area, an affordable cost of living, and high rental demand.

The substantial cash need for large down payment or all cash that most others don't have .

You said, why, not what.Because there is going to be a large drop in licensees.

I have done some research, but I’ve found that many mentors and coaches are asking for significant fees, which feels like a large financial commitment, especially as a newcomer to real estate investing.

Low and behold, now they want us to put down another $40,000; the seller wants another $5,000 added to EM and seller's agent wants their commission of $4,000.Do the math: 190,000 + 15,000 + 25,000 + 4,000 + 4,000 (our agent) + 40,000 = $278,000 for a fixer upper.

We moved plumbing, adding electrical, and added new appliances in the kitchen. 

Right now I would say you need to put down 30-40% to get to break even or cash flow on both large and small deals. 

Also will be adding two ADUs in the back to turn the whole place into a 4 unit rental.

@Greg Scott we're still seeing many competitor ads that violate the new law:(Not sure how so many "professional" PMCs missed this!

Rather than paying for childcare services from a large organization, we found that it was significantly cheaper to pay for a second mortgage than to pay for childcare.