I would add to: research what the disadvantages are having a real estate license while practicing as a real estate investor.

Obviously there are some pretty big differences between what is possible on the Canadian and American side, but it is good to have a comparison of both to see the advantages and disadvantages of each side.

To avoid anchoring on the $500 number, I want to clarify these would be leads that:Have all but agreed to sell their propertyHave given a fairly low price compared to marketIs highly motivatedIs looking to sell immediatelyRealistically, most "leads" would sell for $50-$100 - this is someone ready to pick up on the other line to hear someone make an offer on their house,  with you as the wholesaler equipped with some other basic information about them and their needs/wants.I'm not sure which sites you're referring to, but from my experience in using Listsource and Melissadata, I expect to spend at minimum ~$100-500 in mail to get a call back, not including the cost of the list itself, without any sort of information on the potential seller, which leaves me at a disadvantage from a negotiations standpoint.Regarding your mentioned model - we're definitely exploring the option of:Significantly reduced cost per lead with profit sharing models for the more risk-averse individualsNo upfront cost/lead, but higher cost/lead if a bulk of sales ends up in a salePete

The main objective of the property crowdfunding was to eliminate the disadvantages of traditional RE investments.

The disadvantage of BRRR is that it takes a lot of time, self-education, work and effort.

What are the advantages and disadvantages?

>>"Most homes in the neighborhood have at least 1 car garage"so you are at a marketing disadvantage and all things being equal, you're neighbor's sfr rental would be more desirable than yours. 

.; I don't see much disadvantage of having a tub, but I do see some possible disadvantages of only having a shower).Good luck out there!

Advantages and disadvantages of purchasing notes instead of property within a Self-Directed IRA.Overall comments or deficiencies in the plan I have outlined above?

When you own free and clear you INCOME is higher.The second and most important advantage to using a HELOC is that the loan is open-endedThe first, and biggest disadvantage is that the OP is talking about putting his HOME at risk for something that he admits has little or no cash flow.