Risk that the IRS will challenge it, which is far more likely than with a full-service professional report3.

We bought it, renovated it to meet sober living standards, leased it long-term to an experienced operator, and then refinanced once the home was stabilized.The challenge was getting the refinance done.

NOT saying you should do this but I have seen some investors slightly (some not-so-slightly) "inflate" the construction cost to recoup some of their money.The bigger challenge I think you face is getting with a General Contractor / Builder who has your same goals aligned with you. 

Challenges?

And yes, while the Bay Area has its challenges, there’s a reason people have lived there—and wanted to—for over 150 years.

Great question, accuracy is one of the biggest challenges in tenant screening today.

If I'm in a place where it's challenging to get non payers out then I just wait for the best candidate.If it's relatively straightforward to evict for non-payment then I use the double deposit / insurance policy route for people who score low on our rubric.Hope this helps.

With Hawaii home prices, saving 2–3% makes the challenge worthwhile.The one part I’d like professional input on is the Purchase Agreement.

The main challenge is figuring out how to fund and structure both the dirt and the homes.First, try to buy the land itself with a conventional commercial or local bank loan — local lenders love small parks if you can show a plan to fill the spaces.

Both renters describe themselves as clean, but their habits have been challenging to manage.