Would even be happy to meet in person since we are in the same area.

It's an exciting journey that can offer both financial rewards and personal satisfaction.

Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?

It’s clear that the evolving market, especially post-GFC have shaped your perspective, and you’ve outlined some valuable points about the flexibility and challenges of private lending.The flexibility in ARV and LTV is such a huge advantage, especially for investors who might not have traditional financing options.

That shows real estate can be possible for anyone; in my opinion, I know everyone has unique and challenging situations, but in principle, anyone who can follow some basic budget fundamentals can save up enough for a down payment.Grateful BiggerPockets continues to bring more people into the industry!

@Nina Erlandson Personally, I have not heard of Obie Insurance.

It's always a little more challenging investing in out of state (I invested out of state for 15+ years) but you can still be successful doing it. 

What pitfalls or challenges should I be aware of when scaling up quickly?

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?