I’m really interested in learning more about your experience.I’m curious about the potential downsides and challenges you’ve encountered with this system, especially when it comes to picking neighborhoods.

Your case is indeed a challenging one, especially when traditional lenders are hesitant. 

Sometimes I think, well maybe that newby is an expert at draining swamps....or they have a helicopter to reach the landlocked property and want to practice aerial concrete and building material transport.There was a guy on here the other day, challenging me that he could not possibly go look at all the "deals" he was going to buy in Florida for 10c on the $1. 

This is a challenging time to place tenants.  6 weeks is my second longest ever with the longest being a unit that was ready mid December and took over 8 weeks. 4 months is long.  

I'm curious to connect with any other STR/ MTR owners in that area to get more info on resources that are in the area and what challenges/ successes you have had there. 

Despite surprises and challenges, I transformed it into a move-in-ready home and sold it for $145,000.

This 1925 bungalow was a true challenge, needing a complete rehab from top to bottom.

Challenges?

Very challenging if not impossible to make lot ratios work if the existing property isn't conducive. 

It's definitely challenging but there are lots of people doing it in Canada.