@Robert Frazier Land entitlements are difficult and seems you've now been exposed to appeals and design professional challenges.

I’m seeking advice on how to handle a challenging situation with noisy upstairs neighbors in an upscale Miami apartment community.

If it is very rural having contractors and completing on time and accurate numbers can be challenging.

There are DTI and underwriting challenges of course, but do the best you can in keeping loans in only ONE person's name. 

Starting rent-free is a smart move—it’ll maximize cash flow but high purchase price and a low down payment make it challenging.

The appraised value seems low and I am trying to understand the best strategy to challenge this value and the cost / benefit of going through the condemnation process. 

Texas - Cash out loans of any type are pretty challenging here in Texas.

Let it roll off and move forward with purpose.Now, Here’s Some Logical Advice:Wholesaling is straightforward, and competition won’t be an issue if you do it the right way.If you’re cold calling, sending mailers, and doing what everyone else is doing, then yes—you’ll face challenges.

A challenge that may arise, depending on the other tenant leases, is that they are all paying above market rates and will see the new rate being marketed and will want a discount at renewal.

Both of these challenges can often be minimized with the right team and guidance from an experienced investor.As @Jay Hinrichs mentioned, appreciation is the main driver of wealth in real estate.