I just listed my last property for sale, a fourplex in Pocatello, because now I focus more on commercial RE and syndications to be a true passive investor and not deal with tenants and repairs.

@Michael Challenger I scraped all the cash I could find and borrowed from family.

Challenges?

Fees can certainly impact how the "true split" really looks at the end of the day.

That is actually still challenging enough, as many clients have told us - in hindsight they were glad we talked them out of a full-blown rehab.

While there are undeniable challenges—higher interest rates, tighter lending conditions, and market uncertainty—there are also unique opportunities that can make real estate a very prudent choice if approached thoughtfully.

While it's true I don't necessarily trust the pricing software algo, I really like the ease of accessing the data.

From reading other posts this year has been particularly challenging. 

@Celine Besson there will be several challenges:1) Finding a Grate Property Management Company. - See our copy & paste advice at the bottom of this response.2) Managing the Renovation- Everyone thinks a PMC can easily do this. 

Isn't it unlikely that a homeowner who cant afford a 2-3k tax bill would even challenge this legally?