It’s a 30 year amortization, but has a balloon payment at the end of 15 years.Seeing as I was planning to keep the property for only around 10 years, I don't see any drawback with this type of loan.

I'm glad you mentioned the school district because it seems that this really is the only drawback to the area, and the fact that it doesn't seem to affect appreciation all that much is nice to hear.

Or other options as previously stated a DSCR Loan or bank statement loan, these are known as non-QM loans you will need to get to a lender that has these loan types as an option.The drawback of these loan types is that the interest rates are about 2% higher than Fannie/Freddie, however Fannie and Freddie just announced a maximum of 7% of any lenders portfolio sold to them could be a 2nd home or investment home.

The only drawback is that it is also twice as expensive as the other parts of the island. in 3-6 months, take a trip down there for a couple weeks. feel it out and see if you will even like it.

The only drawback is that it has a broad scope.

What are the benefits/drawbacks of forming an LLC vs. waiting?

I know the answer is we should talk to a lawyer but is there any drawbacks to structuring the business in this fashion (with titles and loans 100% in my name).

Is the only draw-back to a lease option to sell just a glorified flip but over a longer term so that long term capital gains apply?

What in your experience are the benefits and drawbacks of Lubbock?

Hauling the trash out to the small town square/center took-up a good bit of time and planning and the small rural town had odd days and short hours of operation - it was definitely a drawback.