What are the advantages and disadvantages?

Secondly, FHA loans don't have conventional PMI; they have instead MIP, which is paid in some combination of upfront points and potentially some extra monthly expenses.You can do a lot of reading about the different loan types, advantages, and disadvantages here and elsewhere.

Any advantages/disadvantages to either strategy?

I think i would have to switch from being a social worker to become a realtor in order to be a sucessful investor. Every time i search the MLS and find an interesting property, it's already taken. I know R.e. agents g...

It seems like a good deal, but I've never refinanced before since this is my first purchase of a property anyways.I have 3 questions:1) In a general sense, are there any disadvantages to refinancing that I should be aware of? 

Can be emailed without processing delays Ricoh disadvantages: file sizes mean several emails to send a complete house.

Disadvantage is you get none of the tax advantages of direct ownership, so these are best purchased in a retirement account.5) Continue saving and investing smartly until you reach either $1M in net worth or you earn $200,000/year in income!

The biggest disadvantage is all the leagal/tax hassles.

The only minor disadvantage is that when the number is forwarded my cell voice mail picks up the call (not my GV voice mail) if I choose not to answer.As far as I know, the numbers cannot be traced back to an individual.I know of a few investors who will purchase a prepaid cell phone to use for their bandit signs.

As a wholesaler, you stand at a disadvantage for using contractors because you are not keeping the home to give them the work.