The challenge will be if financing is needed some non-recourse institutional lenders will not loan to two LLCs and instead require one multi-member LLC to own the property so there's only one borrower.  

@Michael VachaYour challenge won't be finding properties to meet your BRRRR goal, but will be understanding what Class of properties those will be!

See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy + tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.

Definitely a common challenge with newer rentals and builder-grade paint.Since you already acknowledged the issue before lease signing, it makes sense that the tenant is following up.

Challenges?

So until we get some pro growth, reasonable people with knowledge of cause and effect into office, California will remain a challenge.

I’m motivated and love diving into new challenges—whether that means learning how to analyze deals, lending a hand on projects, or simply soaking up wisdom from those who’ve been in the game longer than me!!!

However, that has come with a few challenges recently as many destination markets have clamped down on Airbnb regulations and many have also seen a dramatic increase in supply of listed Airbnbs, particularly over the last few years when the Travel sector boomed coming out of the Pandemic.

Challenges?

Or do you think there are challenges most investors overlook?