I'm Chris, cybersecurity professional, and getting into wholesaling in Austin, TX and Northern California (Sacramento, SF/Bay area), all areas I know intimately. 

Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.

@Raiyan KhanYou can search these forums for vendor recommendations but you can also join a real estate investment club in the area you want to invest and get the same info.

Like in the US, there are good and bad areas for investing.

I know there are a lot of options, especially since they are family and willing to carry the loan. 

In many areas, there simply weren’t enough existing homes for buyers, which created a big opportunity for homebuilders.

How are thing in your "interest" area?

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Happy to be helpful if I can, since you are a BP community member :)

Instead of just addressing the violation, they framed it as wanting to fully understand the requirements because they value the area and are committed to following the guidelines.