My background is IT and technical.  

I have bought and sold almost 1000 apartment units and have experience doing large multifamily deals.I am in the process of refi'ing a large deal with a CMBS lender and the lender has really tightened up their credit and my deal has been challenging to get done.

I talked to my accountant and he said per Ohio law that technically we are not allowed to have it on the HUD and be payed towards the loan amount I am taken because it is the not the sellers money or mine it is the tenants until they move out. 

@Stephen Nicholson, just like every other Hard Money Lender, one of the biggest challenges is helping new investors get dialed in on establishing accurate After Repair Values.

This posed several new challenges that not only added costs but in the end burned out good crews fed up with foreclosure grade work. 

I plan to follow this one, and I can't wait to hear about your progress and challenges along the way. 

This tells you from the outside that there is opportunity to add value in updating the property, but also, the inside may match the outside (original cabinets, pink tile in bathroom etc.)Aside from deferred maintenance, look for properties that are on busy streets, next to a gas station, or has any challenges to them.

I am also technically a licensed realtor, but have only used it for myself and immediate family.  

She had it one the market for close to a year and no takers, so she reached out to him for help.One Challenge!

We should definately share our process and methods...investing in US remotely from Canada definately brings its own challenges but its deable.