Challenges?

Real Estate is rewarding, and challenging.

What are the biggest challenges people have faced with this.

The challenge for me will be to attempt to mirror this type of financing approach to Southern Calif. real estate. 

That process has direct lender involvement.Where the challenge lies, is when unsophisticated "investors" with no experience, no money and no reserves use creative financing (often called wrap, subto, lease option, seller financing, land contract) to purchase properties and along the way there is a "hiccup".

I would suspect once investors digest the higher rate environment and some of the hurricane damage is moved inventory will settle out in neutral territory. 

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. 

By staying informed and adaptable, investors can find opportunities in both booming and challenging markets.Overall, with careful planning, thorough research, and a strategic mindset, real estate investing can be a fulfilling journey towards financial success and stability.

The more challenging stipulation is you would need to use it more than 50% of the time for business use (and you need to log the miles to document that).  

One of the challenges of beginning wholesalers is they do not have a buyer's list.