I go over the advantages and disadvantages to varying types of commercial.I would also challenge the 3 million number.

You get a lot more leeway it seems by having one, with the only disadvantage being you have to have everyone sign a bunch of extra disclosures that you aren't doing anything remotely acting as an agent

IMO, the tax reduction (assuming trad, not Roth IRA) isn't worth it vs. the disadvantages.    

I have read that both has advantages and disadvantages such as if you were renewing the lease, you may have restart your tenant's obligations. 

I came across this great site while researching on real estate on google.com and would love to understand Real Estate and its attendant opportunities and disadvantages.

Are there advantages and disadvantages? 

They can no longer make the spreads like they use while providing a decent yield to their end buyer.You already mentioned disadvantages related to the vertical model but with the horizontal TKP model, there are several distinct disadvantages: 1.Too much control under one roof. 2. 

I'm located in New Jersey, which I know is a pretty large disadvantage because of the ridiculous tax rate and prices :/.

On the other hand, the profit share doesn't give you ownership of assets so it may be a disadvantage.

There is no advantage to a quit claim deed only disadvantages.