•KISS – Keep it simple stupid•Low risk as each unit is a small % of investable capital•Downside protection if properties are purchased in areas where they can be sold as residential homes. 

It's also the down side of doing a new build project.

The only downside is that it does have a little bit of a learning curve and they have a certain number of units you must have.

Are there any potential risks or downsides I should keep in mind before proceeding?

If it requires a mobile closing we use Michigan Investment Title because they willclose anywhere at no cost unless it's a ruralarea but downside is they require wires for everything which alot of title companies are starting to require anyways.

But to secure the wealth that is generated with C lass properties in the midwest, a GER property beats a CA property any day of the week.An investor knows about the upside and the downside but ALSO knows how to minimize the downside to reap the upside.

I am debating the move and would like to know the downsides I might be overlooking.

It’s a blue chip market, with contained downsides and large upsides when the markets cycle booms.

There is no real reason to use illegals, there's just no real benefit to it and a lot of downside.

If you can come up with an extra 1.5% and finance with a conventional loan you have none of those downsides, a lower monthly payment and PMI only until you hit 20% equity