Biggest thing, is make sure your numbers are airtight and ask your broker exactly how they will be determining your rates and terms.For loan shopping, just vet experienced, investor savvy loan brokers.

The biggest challenge was that we were moving from a larger, newer and more expensive home to one that was smaller, older and worth less than our current primary residence that we were converting to a rental.

Under this provision, a tenant must to notify the landlord that they have lost a job, lost hours, or otherwise lost revenue or faced significant increased expenses as a result of the COVID-19 pandemic.If a tenant has a paid security deposit of more than one month’s rent, the tenant can apply all or part of that excess to April, May, or June rent.

there are all sorts of revenue streams with a CA brokers license..

At our age, our biggest problem will be financing and finding a loan.

The biggest one I could see, is you don't get the money until after the project is done.

The governor of FL suspended vacation rentals and the beach (the biggest draw here) is closed.

It took me 2 years to rebuild it and of course I had 2 years of lost revenue.  

. :) I know Beach has some Multifamily too for sale that were reasonably priced that would be a better bet, but investing in a super small spot might mean no or negative appreciation and little revenue.  

The HML not coming through after doing all of the work to get the property under contract and then having a hard time refinancing are my biggest fears.