Based on the numbers seems like it was a straight forward conventional loan...any challenges?

My belief is that you will be challenged to realize a 10% savings loan n your first effort and there is some chance it will cost more than if you used a GC.  

Plus, I’ve put together a comprehensive guide to walk you through the process step by step.What’s your biggest challenge as a new host?

At this time in the cycle there is just more demand than supply.

Challenges?

Phoenix contains a rare combination of elements that have created an outstanding market for distressed property investments, including the following:Cost Savings: Distressed properties are sold below their market value and enable investors to take hold of properties at a trifle compared to traditionally listed properties.Strong Market Fundamentals: Being among the fastest-growing cities in the country, Phoenix ensures a high demand in housing and rentals, hence good potential for resale or income from rentals.Value Creation Opportunities: Most distressed properties need renovations; thus, such situations present opportunities for investors to increase equity by adding value.Population and Economic Growth: Phoenix remains among those cities in the country which are attracting more and more residents and business; therefore, this presents good, long-term appreciation possibilities of property appreciation and income creation.Challenges to ConsiderWhile the rewards can be great, distressed property investment is not without its challenges.

The challenge is knowing how to scope out the renovations properly and understand your construction costs. 

•What challenges have you faced with existing platforms?

However, for investors looking to diversify, vacation rentals can provide attractive, short-term income opportunities.Challenges and Considerations for American InvestorsWhile Germany offers many advantages for real estate investors, there are also certain challenges to be aware of:1.

@John Sherwood The areas you mentioned are certainly high-demand areas, but they come with challenges.