As someone relatively young, obtaining a conventional loan has proven challenging for me.

@Michael Challenger I scraped all the cash I could find and borrowed from family.

Experience is another thing - it shapes and challenges the knowledge you acquired and you always find yourself wanting of knowledge because each day is a new day with different challenges and demands as is each deal.

A cosmetic rehab is still quite a challenge for the first time.

I just wasn't going to give up what to me was exciting, challenging and provided so much satisfaction to work "watching the clock' and doing something I was unhappy with.  

Financing and Complexity: An LLC can make financing more challenging and expensive since banks often offer better terms on personal loans for real estate than LLC-held properties.

It's a challenging enough market with an abundance of bad actors.

That said, I do this with a a few investors on rentals since I'm a Realtor and Property Manager where I am boots on the ground for purchase, rehab and lease-up, however we had a strong professional experience/life together before partnering.Lending will also be a consideration as most lenders are hesitant to lend to non-citizens given the foreclosure challenges it can pose.

Challenges?

Regarding building the proprety for $700K, that is a challenge for sure.