@Nina PenuelaI feel courage, humility, and adaptability are some key characteristics.One must have the courage to act, to engage, and to challenge.

Market Suitability: Are there certain parts of Cincinnati or property types that might be more challenging for a BRRRR approach, especially for someone with limited time?

As a syndicator, I can say that raising capital has become much more challenging since 2022, so many deals have closed in the last two (2) years that aren't fully funded and that are continuing to raise capital after the closing.There's likely truth to the money being raised going towards reserves, which is a very important part of any syndication deal (running out of money is one of the big reasons why syndication deals don't go well). 

Florida condominium associations are currently navigating significant challenges due to recent legislative changes and rising insurance costs.

If this seems daunting then you can start with the Top 100 Cashflow Markets that we put together and just pick 1-3 markets from there.

Challenges: You’re responsible for making payments whether or not the project is profitable, which can create pressure if cash flow issues arise during the project.2.

You will need to get an attorney to draft proper documents which will include information about what it is you are doing.raising money today is challenging as people are losing money in other deals and hesitant to go into new deals, especially for newer sponsors or sponsors without a lot of skin in the gameit can still be done but you need to have rockstar sales people.

Challenges?

Buying a Bed and Breakfast with potential for events and short-term rentals (STRs) can be a fantastic investment, but as you mentioned, with the market saturation and seasonal challenges, it's important to run the numbers carefully.

Are there challenges to be aware of?