However the draw back is there are fees to file the deed and the mortgage.

What would be the drawbacks to such a deal (If it is even possible).

The only drawback is that you don't get the earnest money until you ultimately terminate the contract (though that shouldn't be your goal); or 9b.

There are benefits and drawbacks to subbing out your work and to bringing in a GC -- depending on your situation, your goals, your availability, your skill set and a bunch of other things, one is likely a better choice for you than the other.Many investors start by bringing in a GC to do everything.

The only draw back in my experience is that the Va have very strict guidelines as far as the conditions of the property.

Durability of tile can't be beat only possible draw back is the grout getting dirty after a few years and as you know tenants will not care much about keeping clean so make sure is sealed properly and plan on having it clean every few years and will keep your property renting fast.

The major drawback is the low income levels, which partly defines the reason for the low prices.

I'm aware of the drawbacks and risks.

There are a couple of drawbacks about being an agent, though, such as having to disclose that when you buy/sell, going through the brokerage with all of your contracts, and being held to a higher standard in regards to liability.

The biggest drawback that I see is that the property requires rehabbing.