Our Market Knowledge, also often blinds us to the inherent risk in the strategies we are good at, and warps our perception of risk in strategies we are less familiar with.

@Jessica King What's interesting is that I have a coworker that is from Macedonia who has been speaking to me about real estate in her country.

One of my favorite conversations from an inherited tenant once went like this...Him- "You can't be coming in here and all of a sudden making up all these rules."

Anyone using Real Acquisitions software in here? 

I think your safety concerns are very rational and unfortunately that is an obstacle we must overcome.

You're right that there are a lot of these larger properties being built, I'm assuming with institutional money or big investors, but there are a lot of smaller ones--I think if I didn't have our current property going into contract, then I would find a broker that has good relationships to find off market properties.Maybe to most it seems Phoenix is too pricey, and in my eyes it's definitely made me wish I'd gotten in here 4-5 years ago. 

Opening a separate LLC will reduce the "type" of liability that is inherent with the types of investing you are doing, and obviously reduces that liability because the investments are separated.It would be a good idea to find an attorney, preferably one with real estate investing experience,  and have the attorney look at your situation.

Once I had money at risk, I found that it is more important to be committed to seeing the project through, rather than bailing out because an unforeseen obstacle presented itself.

Everything in life has obstacles and challenges.

I plan on eventually doing a BRRRR on this property to refinance out of the hard money or private lending.What are the obstacles I should plan on facing when trying to find financing?