Challenges?

With inflation driving up day-to-day expenses, saving enough to buy your first home is more of a challenge.

@Pratik as @Neil Narayan mentioned, cash flow is very challenging due to the property values, property taxes, and soft rental market.

BTW, I am not disputing you, just playing devil's advocate and wanting someone to challenge my thinking. 

When it comes to the STR game, differentiation is critical, and that can be challenging with a 550 square foot oceanfront condo. 

It is challenging to build an underwriting box for something that fell outside an underwriting box.

Challenges?

I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.

I recognize there are other ways I could invest this cash (including another property) but I am being mindful of levering myself out too much in the current environment where job losses are more common in my industry (tech).

@Samuel Coronado - the challenge is that there will likely be a very small number of renters looking for a house that size, as well as that can afford a rent amount that high who won't just buy otherwise.