Yes, the real estate is a bigger number, but the potential challenges with a new hire can be far more overwhelming.

If they wish to challenge your position, as a landlord, I would welcome the challenge.

I sat in on a presentation years ago with Maricopa County and it was presented as a fairly simple process.I don't have a source for a paid entity to challenge one although I believe they exist.

The main reason is the challenge you'll face when trying to resell it later. 

The challenge for investors with this approach is that they/we, as individual investors, have no control over the market.

Borrowers are also more challenging to deal with, and if there are violations from the county on the property these get passed to you (which you can try and collect from the borrower but if they walk they stick to the property which ends up being paid by you).Every person has a varying level of experience and risk so no one fits into a one size fits all, but people should be aware of the risks they are engaging in when investing in certain asset classes. 

The challenge is you end up placing them either in the right of way (city property)  or on private property. 

@Wole Sun the challenge will be high appreciation AND low crime.

It’s a unique state in that it doesn’t allow non renewals without cause.

Now the challenge is how well you know the neighborhoods in an out of state market.