I don't know about you, but that sounds like business friendly government to me.I have been a little confused by the crime reports, as was eluded to earlier; because I didn't want to purchase to far away from the center city area, but that too has its draw backs as well. 

I'd start with the 'Ultimate Beginner's Guide'.If you do a 'Search' for Real Estate License you'll get lots of interesting opinions on the benefits of having a license in the blog posts as well as the forums, the biggest drawback probably being that it might distract you from getting started investing.

Isn't there tax drawbacks to keeping large sums of cash on hand at the end of the yet?

These 2 drawbacks are not appealing to most buyers. 

From a seller's standpoint, as long as the seller gets a trouble-free sale and is confident he got market value for the property then I don't see any drawback in him selling it to you, so if you have a decent relationship with the guy it may not be a big issue to just talk to him about it and be completely clear about wanting to deal with those issues up front so everyone ends up happy in the long run.

Are there drawbacks to having a non-business bank account attached to an LLC (and used for business purposes)?

So while I love the greasy feel of it in my hot little hand, the sharp smell of it, the memories it brings back, cash has some serious drawbacks as a means of payment.

**The disadvantages of renting**Of course, while there are many advantages to renting, there are also drawbacks that can’t be ignored, and each individual needs to decide if the benefits outweigh the disadvantages.

One drawback of the model is that inexpensive credit and/or long amortizations may result in a proposed MAO that is substantially higher than fair market value.

Your home will eventually be your biggest cost, be it mortgage or rent, so save money to househack and learn the business (has its benefits, but also drawbacks).Every dollar saved is an opportunity to reinvest in you or your finances.