One of the biggest factors in successful flips is building a strong team: contractors, agents, lenders, and property managers. 

What are the biggest challenges people have faced with this.

Just wanted to introduce myself.My name is Ariel, I am 32 years old (this Thursday), and I am making my first steps as a real estate investor.As I live abroad, most if not all of my work would be remote, and right now I am focusing on Jacksonville, FL.My main goal for this year is to fix and flip  at least 2 SF's properties, and for the next few years to increase this number, maybe do some MF, and possibly to also BRRR when I raise enough of my own capital.At the moment, my biggest challenge is the fact that I am remote, so I could use some help from a local realtor or management company.It's so amazing to know this community  exists, and I am thrilled to actually take part in it

Despite surprises and challenges, I transformed it into a move-in-ready home and sold it for $145,000.

This 1925 bungalow was a true challenge, needing a complete rehab from top to bottom.

@Cole Bossert I think @Sarah Kensinger and others have touched on the biggest qualities, especially communication.

The biggest lesson, which I learned early on: get clear on the type of property you want to buy, then tell everyone over and over again.

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

What's your biggest time management challenge?

However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.