If you dont allow pets then the pet becomes a service animal without very much difficulty for the tenant.5.

You'll have difficulty with a lender being okay with that, assuming lenders don't change their guidelines by the time rates drop.

Sometimes new investors have more difficulty with banks when the properties are less than two years under their management.

Again, my concern is being stuck in a hard money loan at $20K per month, not including taxes and insurance (an additional $1,317 per month) and having difficulty getting out of the loan with just the option to sell if I can’t refinance.

One of the difficulties in self managing in Big Bear is that you have to have an "agent" that can respond to complaints and be at the property within the hour.

Is closing the purchase and loan in one state any more difficult? I

I think the two most unanticipated aspect of flipping is the time it takes for proper permitting in markets like NYC/LA and the difficulties you'll encounter with "the cheapest" contractor.I wish you luck and think a great place to start your education into flipping are the BP podcasts.Tim

The difficulty in not raising rents in Florida these days is the skyrocketing property insurance.

Assuming the property has equity how easy or difficult is it to refinance later to buy more properties?

How difficult is it to recoup those costs?