It's pretty common to obtain 100% financing for both the purchase and rehab funds after you've been doing this for a while.Borrowing, of course, is a two-edged sword because your interest payments, especially for a hard money loan, can eat 1/4 to 1/3 of your profit.

Have you encountered any particularly common or unexpected challenges in your research so far?

I would say best case is that given political climate, those in control of economic directions take a step back from all political influence as it poses a no-win scenario, and heavily relies upon guidance, direction and leadership from economic/finance professionals to a degree much more significant degree than prior.

run scenarios.

Not sure if my note scenario would be a fit but I'll shoot you a msg.

Happy to connect and chat more about your scenario.

This is common in the Chicago market.

They suggest relying on the inspection contingency instead.Is this a common practice right now, or is it specific to my area?

This would put the replacement property interest in the strongest asset and creditor protection scenario.

Common mistakes can cost thousands.