I am in the Virgin Islands, also challenging to find lenders.  

Challenges?

With those numbers the refi is going to be good on the side of having some equity, the challenge like I mentioned is the Apprasier coming in and giving a number that may not support getting all your money out.

I run two big groups on fb and we have been bombarded by big pocket end buyers so closing big commercial deals 10M+ is not the challenge here. 

Challenges?

But the struggle is real right now…  It will be challenging to find banks that will lend with less than 20% down.

This is because the envelope of the home was not built to modern standards and making functional living area can be challenging unless you have a lot of real estate to work with.

Also, I’ve purchased occupied foreclosures in Connecticut and have managed the eviction process, which has been challenging but manageable.

One of the Biggest Challenges I see for All Real Estate Investing Education Companies out there are Students not being able to take action which resorts to blame and failure.

Every state has their own real estate laws of course, so legal compliance will also be challenging.