We lag the market's highs and lows, just plodding along with consistent returns.)I have agree with the author that Toledo real estate is priced very competitively nationally and our rental returns exceed the 1% rule frequently.

The challenges include - Interest rates - that are as high as they have been in 20 years; property values - which have doubled and tripled in the past 3-5 years.  

I am seeing more and more investors having difficulty selling their property and refinancing them since they are highly over leveraged. 

They took almost a year to rehab it and it's been sitting on the market at a high price since then.

While you definitely have more control, its a different set of headaches.

There were about $9K in back HOA fees due but the profit margin was so high that was no big deal. 

I aim to refinance the loan under conventional investment terms to avoid the high interest rates associated with hard money loans.With an excellent credit score, securing a loan shouldn't be a challenge.

I'll definitely check it out! 

Now that it's a rental the home barely cashflows due to expenses and the high mortgage.

I've had Bigger Pockets account for a little over a year now, and have been watching their videos since I was younger.