Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

Also, any tips to challenge this with the county?

There are definitely challenges in finding a good contractor in these times snd you would need a very experienced one for this project.

It will still be challenging to find a good investment property, but it cannot hurt to eliminate some of the competition.Good luck

Challenges?

Challenges?

Until you’ve blown up, the lending component of this business is going to be a challenge, and your ability to overcome that challenge is one of the few things that will separate you from the pack of mediocre, stagnant investors.

And so this challenge took the form of a city-sponsored competition, called “Low-Rise: Housing Ideas for Los Angeles,” complete with cash prizes and bragging rights.

Challenges?

In regards to your question: the Dutch market can be a bit of a challenge.