Late rent payments, etc. 

You can't ask someone for money, but also not disclose things because you don't trust them.

Keep in mind, though, that this approach comes with higher down payment requirements and interest rates, which may not be as favorable

Mostly on trade accounts with local businesses for the materials, some business credit cards, some of the contractors were OK with waiting 30 days for payment. 

Similar issues happen with VRBO and Airbnb electronic payments:(

I have a family investor that I will borrow from for the down payment, then finance the rest from the bank.

If you are looking to fix and flip, just make sure you look for a 12 month term, non-dutch interest on the rehab funds (this means you do not pay interest on the rehab money until you use it), no prepayment penalty, and avoid any lenders that escrow your payments at closing.

It’s not wise to invest blindly trusting the operator reputation alone, without deep diving into many syndications.

Also, if you go into the BRRR strategy to add more properties faster, every time you get rent and make a payment, you’d still be paying off the loan which is increasing your equity so it’s like a savings account that builds itself.

Example - 10-20 hours this year managing your local rental vs 30 hours this year learning about other markets and finding third parties you can trust.