Challenges?

Quote from @Jeffrey Hill: There are a couple of challenges with financing the difference. 1) The current servicer has to approve it. 2) Finding a lender to do a 2nd mortgage at 100% CLTV is almost impossible.

." - which to me indicates the same doubts that I have about the legality of the IRS position.Until the IRS is challenged in court over this position and loses, I choose to comply with their position.

Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

Any unique challenges?

Challenges?

I think OOS investing without a property mgr is going to be challenging even though it is a cost.

I think BRRRR would be quite challenging as a first deal in an out of state market, but that is just my opinion.

I know this is an unpopular opinion around here that you won’t see on the front page of the daily BiggerPockets newsletter, but it’s the truthI get where you're coming from, and I think you make some good points about the challenges of the short-term rental (STR) market right now—high housing prices, mortgage rates, and fierce competition.

Challenges?