They couldn't get a construction loan and were constantly blaming the cities being tough on their permit process.

That can be a tough part, but isn't close to half of the process.

Socal is tough to find investment properties that work.I have a great realtor in Sacramento that can find properties that cash flow.

The 2008 timeframe was different and in situations a lot harder than now, but this market will shape a lot of investors that found their new market, product to focus on, and/or to dive in deeper when times get tough.   

Based on what I am seeing Ft Myers and Lehigh and not doing well.Cashflow has always been tough in most areas of FL, SWFL is no exception.

Too many flakes and dream merchants (using my material to teach while stealing your wallet and offering to help you look for it!).

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

Hi Melanie, I both own and manage in the area and to be honest, the market in Kissimmee/Davenport is tough right now unless you're willing to invest a lot of capital into high end theming. 

My tough today is different than my tough next week.Many new(er) investors struggle to manage their rentals well.

that's what is tough. model out a few scenarios.