Exposure seems the biggest challenge. 

Right now, my biggest hurdle is not having a real estate agent.

Remember first rule in Real Estate "Everything is negotiable", biggest issue I see, on what you posted would be the electrical, for insurance purposes (call an electrical contractor, or Seven, to see what a ballpark price to re-wire a 2700 sq. ft home would be.

AZREIA is the biggest group here - lots of great events, advice and networking.

The biggest time waster for me is I have to drive 3 hours there and back to do simple things like showing the property to prospective tenants and showing up in court for evictions.

Next you could take those funds go buy you some NNN properties get the bank to finance 70% non recourse buy a couple brand new McDonalds, CVS or something very credit worth and internet resistant at 5 cap or sub 5 and live off the checks and then 1031.

Arbor is one of the biggest direct lenders in the country.  

The 3 biggest components of your closing costs are you insurances... title insurance which is usually around $1200, and then your homeowners and flood insurance.

Dominic -I run a design build business; I've been where you are... having books that are weeks to months out of date is horrible and can spell disaster as you make decisions based on bad and untimely data.What we've done, after years of trial and error and tons of money lost on bad solutions, is the following -* Off set accountant who does monthly reconciliations and statements, year-end taxes (We run on basis of completion, which I recommend you switch to immediately)* Off site book keeper who does day to day data entry* Quickbooks on a server on the internet so everyone can log in remotely* Paychex handling weekly payrollDon't pay an accountant to do your data entry, it's usually way too expensive and not necessary... don't pay your data entry person to do your monthly reconciliations and statements (They don't know enough, typically).

@Robyn DabolishFinding good contractors is one of my biggest struggles as an investor.