A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

Fort Lauderdale has higher purchase prices and nightly rates, but Pompano has had an influx of investment and continues to improve, specifically by the beach. 

As with most people starting out - having the 20%-30% equity to put in the deal is the challenge. 

Let the agent know that while you’re interested, the property’s condition and local comps don’t justify the asking price.Taking a warm, conversational approach can make negotiations smoother and improve your chances of getting the deal.

Insurance challenges are growing nationwide, not just in California.

As others said out of state can be more challenging based on location but local or out of state both can be done. 

Quick question: What’s been your biggest challenge when managing smaller multifamily properties?

Major metros pose certain challenges, as everyone has heard. 

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

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.