We were also wondering if refinancing would be challenging as foreign investors and if there was a way around that?

What are some challenges that investors in this market are facing?

When you start adding in the principal paydown and a modest appreciation those numbers look even better.I have a six-unit under-contract and it is in a more challenging neighborhood.

Hi BP team,I’ve been trolling the forum for years and just closed on my first rental property in Philly, a triplex.Close date was 4/15 and no lie, the last 45 days have aged me with stress and anxiety(I’m 27).I purchased just outside a college area, not really a prime location/there is a new property being built right next door, which started the week I closed and development on my block.Long term, maybe my home value increases w the development — BUT it literally killed the lighting/views in a couple units which is making tenant finding harder (plus construction noise) and I kind of already knew my challenge would be in placing tenants.

@Anthony Thompson We are looking to rent out by the room for college rentals (we are down the road from Roger Williams), and Bristol actually doesn't have any limitations on renting by the room, so technically it will all be one unit with two kitchens and two bathrooms.

At least in NJ and I think its similar around the country, there is a 2yr Redemption Period whereupon the owner can "redeem" the tax certificate by paying the holder, i.e. the person who bought the 'tax sale' (I forgot the technical name), the required principal and interest. 

Also, any tips to challenge this with the county?

There are definitely challenges in finding a good contractor in these times snd you would need a very experienced one for this project.

It will still be challenging to find a good investment property, but it cannot hurt to eliminate some of the competition.Good luck

Challenges?