Challenges?

The 70% rule is a solid guideline, but in competitive and higher-priced markets like South Florida, sticking rigidly to it can be challenging.

Realize the competitive market makes it a challenging market for beginners. 

I especially believe in this challenging RE environment that some realistic analysis is beneficial.  

You haven't even asked about your BIGGEST challenge - finding "trustworthy" contractors.- Most contractors will cut corners, or worse, once they figure out they won't be watched closely:( Your job will also go to the bottom of their priority list.Monitoring progress is relatively easy: hire that same inspector to go by weekly or before any payments to take a VIDEO of:1) What was done2) Quality of workmanshipOne other thing you didn't ask about, payments to contractors.- They all want 50% down or as much as they can squeeze out of you. 

Happy Holidays, and thank you for sharing such a detailed and engaging market update!

That you knowingly, willingly and wantingly engaged in the venture knowing the rules of who can/cannot participate, knowing your disqualification, disregarded and engaged in it anyways. 

Tenant screening is challenging and you have to have the right process in place to make sure you choose wisely.The main thing as many said, this shows a red flag on the amount.

So I'm curious whether anyone plays it, or whether the consensus is the Real World provides Challenges enough?

Not when there are so many alternative methods of engagement towards resolve of which past clients have appreciated.