There are always challenges within real estate be it neighbors, unsavory tenants, or economic setbacks.

Flights (& the cost of) are the biggest hurdle.

My biggest fear with our first rental property was "what if we can't rent it?".

I have 6 or 7 years experience in creating, buying and/or selling notes.I guess the biggest piece of adviceFind out as much as you can about the note to do your analysis.

So far all my properties have been financed and I never realized so many other option existed, although they seem a bit scary to me.I think my biggest concern, and I have seen its a common one, is whether or not to form a LLC. and other asset protection.

>> If you plan to negotiate a loan modification instead of an early payoff, that may be challenging.

I would consider building a targeted website for the demographics you are searching for and then working with a web developer to SEO the site as much as possible.I would suspect though that networking will most likely bring you your biggest leads early on.

Entrepreneur and landlord friendly, the government is keen on becoming the next biggest innovation state and city in the world.Intel is dumping $5B (billion) into Chandler.Apple has secretly built their next center in Mesa.Mesa Airport is the next huge landing pad of the nation.A huge logistics company just moved here.

When I walked through the house to look at it the dogs definitely used the bathroom in the garage and chewed up 75% of the trim throughout the house and my dogs while inside by themselves they ate through the drywall in a few places in the house and this is where my biggest concern is that mold from the dogs urinating on the walls and the moisture seeping in and not being noticed and mold growing from there.

Are most of your tenants credit challenged?