We faced a lot of challenges that made it way over budget and take longer than expected.

Also, finding good deals in a timely fashion is a challenge these days.I would think the operating agreement of the LLC would make it difficult for the GP to effect a 1031 exchange unless he effectively bought out the LPs, removing them from the entity.

Although this is common in the DC area (where I own one rental) it is not as common in NOLA and it has created a few challenges.

As someone just starting, this could be challenging to find, but if you can find someone to take that position, it could help you get started sooner.  

It sounds like your mindset was the biggest challenge.

Challenges?

Challenges?

The process can be challenging and issues can often be unforeseen.

The neighbors don’t want to challenge the board so it was shot down. 

So a few weeks ago I took in the sweetest, kindest stray pup... and then she turned out to be pregnant... and what a joyful challenge I accepted; the responsibility of caring for this mom and her 7 puppies!