Whether it will increase interest rate, make it more difficult to find a lender, etc.

If you are a doing an infill build-to-rent, that's fine, but in the current environment, it is very difficult to make any cashflow so its a 100% appreciation play.

That being said, with rates and prices where they are these days BRRRR is very difficult in just about every market. 

Running comps can be a bit difficult on the island. 

No way to know if this appreciation will continue, but it is very difficult to catch up if you are not in the market.  

Prior to the corona virus pandemic i had a good amount of deals coming through the funnel but over the last couple weeks it’s been difficult to find any fitting my criteria.

Finding a lender in 2nd position on an investment property is extremely difficult in todays climate.

BTW, I have a great agent, an 800+ credit score, a high paying tech job, no debt besides my mortgage, a home that's difficult to get a HELOC on because appraisers can't figure out what it's worth (I live in the country in a very unique mid century home), but only a small amount of cash.

Because concrete is really porous it's very difficult to get everything out of it once it's in - usually you're only breaking down things right at the surface and they tend to bleed back through capillary action (moisture moving through the concrete).

Trying to house hack in Los Angeles which is obviously really difficult.