Wholesaling is a very difficult business. 

If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.  

Sometimes it's difficult for people to shift from hypothetical to actual.

Further, you'll need to ensure you get the proper insurance, and that has been more and more difficult in recent years.

There is lingo, people, and anaylsis that are done in the commerical space that in my opinion felt a bit more difficult.  

I find many of those residents tend to stay for long periods of time because it is so difficult to find properties that will accept their voucher.

In the Bay Area, most HOAs actively restrict less-than 30 days rentals in CC&Rs, and can have % rental caps on units which may make MTRs difficult. 

If you can find one, it is difficult to find one that will take new clients.

To add on, usually verification isn’t difficult.

Blue County = High taxes, pretty simple :)at $300 a month in taxes that’s a cash flow killer, you will need to go to the board next year and request an adjustment if possible, you may get granted but you will need to have a good report presented to the board with comps that are very similar to yours, but again it will be difficult because your property uncapped and it will never go back.