What are some obstacles from a season investor that I can expect to run into?

My other tenant is over 20 years older than me and she pretty much is always in her room.

Urban core is much closer with changes in higher density.If most of the centers are only 50% occupied and rents are stagnant then you have an oversupply situation especially if centers are older.

Hopefully you will hear from other, more seasoned investors weighing in with some expert responses and perhaps a list of  some OTHER things you should also take into account before jumping in.

Although I am not seasoned in REI I do intend on taking advantage of all that BP has to offer to help in my learning process.

Any insight provided by more seasoned veterans is definitely appreciated :)

You might have issues with seasoning if you hold property in your LLC and then convey it to yourself to refinance (as will likely be required).

It's a nonconforming area of older homes on 6,000 to 75,000 Sq ft lots.  

These tend to be older houses, but they cash flow better than those in Frisco/McKinney areas.

There are plenty of ways to use OPM with other individuals through their own funds and SD IRA funds from a seasoned trustee company like Quest IRA, IRA Services, or Udirect.