That said, its a great opportunity for the investor willing to accept the challenge.  

House HackAttend as many REI meetups as you can to grow your network of investors for referrals, help through challenges you may incur but don't have experience with, and learn from proven guest speakersNetworking app like blinq to compile all of your contacts for REI in one area with phone and emailbegin conversations with local credit unions exploring what type of loan products they offer

However, I’ve been hesitant due to challenges like remote management, high interest rates, and low cash flow.

Challenges?

Challenges?

I only ask because that is, in my opinion, the most challenging part.  

Of course, these properties are full of challenges so be prepared before you start. 

Challenges?

My challenge is that I don't know when exactly I will be able to obtain the STR permit from the city, so I don't want to convert guests too prematurely. 

Managing vacation rentals remotely sounds like a unique challenge..