It'd probably primarily be local market knowledge, like Marlen had mentioned, followed by having the right vendor network to best address any issues that may arise.

Has anyone else seen this problem arise during the refinance portion of this strategy? 

Ive given it some thought and believe the best plan moving forward is to build my reserves large enough to cover and issues that arise during the BRRR so the private money is at minimal risk.

These are all short term patches to try to fix what could be a long term crisis.In Europe, the EU has not been able to respond as fast as the US, but conversations about the "reconstruction fund" are making some unexpected topics arise, for instance, the tax breaks (or maybe tax evasion) some US technological companies (FAANG) are getting in the EU.

I figured I could easily live off the income if I took my Colorado equity and turned it into additional rentals.This strategy has become very popular for people in higher priced metros.

The problem arises with lending when you are trying to purchase and finance certain residential 1-4 unit properties.

These types of developments are very popular these days.

Another popular saying is 80-90% of real estate out there is sold by 10% of agents, meaning because the barrier to entry is so incredibly low and there are SO many agents, unfortunately many just end up struggling and don't "make it."

I understand the feeling of wanting your properties nearby but you just have to be aware of the difficulties that might arise through that.

Good luck and reach out for more assistance as it arises.