Yes that seems high but without a breakdown of costs for the 13k it's challenging.

Managing vacation rentals remotely sounds like a unique challenge..

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. 

Being young will present challenges in a field where experience is highly valued not just with lenders.

Lending was another challenge, lending restrictions were starting to tighten up, and we had to get a bit creative with our lenders to get the financing we needed to close.

Flipping on a land lease with high HOA fees = challenges that could impact profitability. $700/month HOA fee may deter buyers, elongating your resale timeline, and could push your ARV closer to the lower end of your range.

Challenges?

People all of the time, "over estimate" the opportunity and "underestimate" the cost and challenges in doing a profitable flip.

Short term rentals in St Pete are technically illegal but it doesn’t stop hundreds of other investors from doing it.

It’s not always easy, but each challenge has taught me something new.