No other product can allow one to do this (HELOCs are similar in a sense but have drawbacks and limitations that whole life does not).I can tell you misunderstand the underlying mechanics of IBC yourself in how you mention credit (you're not alone!)

Most people are going to see the limitation of a single unit as a drawback when you want to exit this property and you're going to get less money for the house in order to sell.

Surely there has to be some drawbacks?

This is a major drawback for depreciable assets.Hoping you have a good CPA in your corner my friend!

You have no flexibility when it comes to exit strategies with only one building/project.They both have advantages and drawbacks.

Where we find a drawback on this move is our lack of knowledge of the legality of the question: "Can the Investment owner  Legally ask their tenant to try to apply for the section 8 voucher?"

@Alecia LovelessOne thing I'd like to add to the discussion is that the drawbacks to having a tenant like this in an 8-unit usually far outweigh the advantages of getting rid of them quickly and effectively.

Yeah, I see the drawbacks too.

But to touch on the earlier point, physical asset investing under the nature of debt, efficiencies of scale, tax benefits/drawbacks, and the power of delegation before you dip your toes in.

Without that you can be sued personally for any issue within it on your str.Its much harder for people to pierce the corporate vail and sue you personally if your property is owned and managed in a LLC .Financing is one of the only drawbacks as it is a commercial process and banks usually like to see 3 years of a decent tax return.We have 19 properties and all are in an LLC and in fact we only hold 2-4 properties in each LLC (all are owned by one parent company and done in one flow through parent company)to even further shield the liability that may/can occur on a property.There is no doubt you are exposed to higher risk on many fronts if an investment property is held personally.