Challenges?

They can offer a more hands-off approach while you get your feet wet.

Rent to close friends and family and on AirBnb to cover my expensesOther than that I think finding a LTR furnished at that price point will be very challenging

I completely agree with your approach to private money lending.

Does the parcel have unique and challenging characteristics?

Best of luck on your journey—your approach is strong, and with persistence, you’ll be well on your way to achieving your goals!

Quote from @Nathan Gesner: Buying a house is straightforward; managing it can be a whole different challenge.

We not only lost our hard-earned money but on top of everything, our health suffered, I had several sleepless nights due to the stress and anxiety that this horrible experience created for my wife and me.After the buy-back was completed, I approached Maverick to at least help us with our losses by requesting us to give back ~$6000.

Challenges?

The challenge newer investors face is that overpriced properties tend to sit on the market for 60+ days and they see them all the time.