Challenges?

Quote from @Kevin Sobilo:not necessarily true.

Are there specific considerations, tips, or challenges I should be aware of in these areas?

That's true, but not nearly as true as they claim. 

I’m eager to learn and would be grateful for any suggestions or experiences you can share, especially if you’ve dealt with challenging markets like this one.

That's not going to help you, even if it's true.

Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

Hi BiggerPockets Community,I’m exploring house hacking using Airbnb as part of my real estate strategy, and I’ve come across a challenge I’m hoping you can help me with.

That wasn't true (and I had our exchange in writing) so thankfully that sorted itself out.

Challenges?