I dont have much money down which might be my biggest obstacle.

Originally By Michael Gerrity of "world property journal"According to the California Association of Realtors, California’s median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year.Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 409,270 units in May 2018, according to information collected by C.A.R.

We've overcome the obstacle of funding it but what do you do for the closing costs? 

We all make more-or-less informed guesses, but there is no official guidance at this moment, and it may not come for months.In other words, a disregarded entity will not be an obstacle.

Let's all get rich in spite of the obstacles!

What I find most interesting though In the RE market is in the upper ends or starter price points that I build in in Oregon and Charleston  IE for 2k SQ ft DETACHED SFR's on city size lots.. .not little tiny things... price point 300 to 600k...

These people are usually emotionally detached from the house which allows them to make logical choices instead of emotional ones.

There is the cost of the HOA, and the rules of the HOA, which may even limit your ability to rent.If your situation was a SFH detached and was positive cashflow and no HOA fees, I'd say go for it.

imo the only reason why Obama and the media paint the economy like an insurmountable obstacle is because the fear and confusion over the uneducated masses is good for political power and control. it's an emotional, illogical ploy. and since liberal policy caused the crisis in the first place he basically has to lie to cover up lies when it comes to the economy.

Is this going to create a major obstacle?