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If I had the time and the financial means to do so (and legal rights), could I design, build, launch, and deliver a small (very small) payload to low Earth Orbit? I think it would be awesome to put a small camera up in LEO and have it radio back a picture or two of the Earth before it de-orbits and burns up.

What would be the biggest hurdle to overcome? My gut feeling tells me that the sheer amount of fuel I would need would be the biggest prohibittor (all legal issues aside :) ).

Rickest Rick
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Of course you could design, build, launch and deliver a payload, given all your needs are met. I believe Elon Musk said that fuel only costs about .3% of the total cost. Granted, he's paying employees to do the work for him, but it should be relatively low cost compared to the rest of the components

The largest hurdle you will have to overcome is actually being able to launch it legally. See Am I allowed to send a rocket to LEO?