While some neighborhoods may seem attractive based on price alone, it’s crucial to avoid problematic areas that could pose long-term challenges.

I've always had more of the Warren Buffet mentality, "hold for life", when it comes to my portfolio.

State Farm recently announced they would cancel 70,000 policies because of these challenges. 

If you are raising money in a syndication raising less than $1M can be challenging due to the setup and ongoing costs to manage and run it.

It always takes longer, costs more and has more challenges than I originally thought.

Challenges?

You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.

I’ve been listening to the BiggerPockets podcast daily on my commute and finally decided to jump into the forums to learn, connect, and start taking action.A little about me:I work as a Substation Design Engineer and currently live near the Jersey Shore.I’m focused on learning about house hacking, buy-and-hold rentals, and creative financing strategies.Right now, my biggest challenges are:Understanding the best financing options for a first-time investor.Finding a solid market near me that aligns with my budget and goals.Learning how to analyze deals with confidence.If anyone has tips, resources, or experiences they’d be willing to share, I’d love to hear them!

Challenges?

Challenges?