Most states and just about all counties & cities feature their own incentives that are generally tiered to assorted tax consequences---essentially obviating, or appreciably reducing the impacts of whatever debt's used to purchase and operate real estate benefiting particular demographic occupancies. a few of the lead affinity groups are disabled, elderly, economically disadvantaged, ethnic minority women and home based enterprise operator/owners---along with honorably discharged military veterans. other private charities sponsor trillions of dollars in incentives for parallel use & occupancies. interacting with their funding channels can be tremendously enriching.

I know zero about plumbing and talking with these contractors is tough because I'm at a complete informational disadvantage.

That could be a pain and will require a complex management system.For the investor looking to continually scale up and buy larger and larger commercial properties, he gets to take advantage of scale with each purchase, and the economics of having a larger investment in one, easier to manage location.The big commercial investor, however, might see disadvantage in that if he continues to scale, each purchase is of a larger and new type.

If you plan to move long before the road is likely to show signs of deterioration than this agreement many be to your disadvantage.

Doing your first one come's  with a huge learning curve and adding travelling on top of that also not being ensconced in a community by living there has it's disadvantages.

I think there are advantages and disadvantages on both sides. 

Advantages and disadvantages?  

Many claim that the LLC is the ultimate entity, arguing that it offers the best advantages of both Corporations and partnerships and few of the disadvantages.

I'm only 18, and I'm not sure if that is an advantage or disadvantage, most likely both. 

What is commonly used to hold rental real estate in the United States is a Limited Liability Company (LLC) Holding property in a separate entity (Company) can have tax benefits or disadvantages, may offer liability protection, and may be easier of harder to finance.