First, finding deals and putting in offers (even if people laugh in your face) so many people I talk to rely on a couple deals that they try to "make fit" into their criteria, unfortunately some leads will just never turn into a deal regardless of how bad you want it! 

Challenges?

Challenges?

He has read tons of real estate books and I have watched dozens of Bigger Pockets webinars.The challenge - taking that first step! 

Purchase price: $50,000 Cash invested: $23,994 Sale price: $135,000 This was a very challenging project.

What I didn't like was the process, from application to closing it's a constant magnifying glass on your personal finances and spending which is a challenge in NYS with closing process experiencing significant delays.2.

Rather than  fixating on the fact that it's so competitive and challenging of a market to enter, I think your point is spot on: that they are competitive because they are such lucrative/successful markets right now! 

Challenges?

The challenge is it is supposed to be foreclosured this coming up Tuesday.

Lets face it --- you can't just get a loan willy-nilly.