It's pretty challenging to put a deal together when you have absolutely no idea what's going on with the other side or with the property.

It can be so easy to use all of the hardship your facing as an excuse NOT to be successful, but I'd challenge you to view it as the opposite.  

The single biggest challenge a new agent faces is to survive the startup period.  

Devin Mann as an investor you want to show up in the worst condition but reliable transportation you can find.My challenge sometimes is finding a beater (cheapest car I have is a Benz and my others are exotics) for particular areas, so sometimes rent a car or take my bike.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

We have a mountain of student loan debt and have faced some challenges that would have crippled us without my vision and her ability to plan.

Your balloon would be satisfied when you re-finance the property and pay off the existing loan.

@Charles PeraltaBuilding new is an exciting challenge and to be honest can almost be easier and less time consuming than rehabs.  

Flipping through a self directed account comes with many challenges like the need to only manage the project indirectly which can be defined in a number of ways from my understanding.

While i understand that there are many challenges and hurdles to overcome when attempting to tackle a project like this, I also believe the rewards are well worth the work.