Operational experience is critical, and while aligning yourself with an experienced property manager can fill some of that gap, you are at a serious disadvantage because your oversight of that manager will fall short without practical experience of your own.Raising money from investors at this level requires that you have a rich family who blindly believes in you and gives you the money solely for that reason, or requires that you have a track record, in which case you can attract capital by virtue of your prior successes.Additional thoughts to consider:  you will need to raise more than the down payment.

It could be determined that such a policy is indirect discrimination, in that the policy puts a protected class (age) at a disadvantage.

The disadvantage of not having met anybody...asked a few hightop tables and got blank looks.

( I can think of about 10 reasons it's a disadvantage)Mine is I'm a CPA and my wife is an attorney.  

I explained the benefits & disadvantages of Wholesaling vs Listing and she understands she will be selling at a discount.

It will be a disadvantage for you.  

However, it was intended to solve the problems associated with majority owners of fractionalized interests being restricted by the lack of action or decision-making of minority owners.Have equal interests can be a disadvantage if a stalemate exists and your partner, when an entity or natural person, has different plans. 

BP Family,I have a question regarding seller equity using the wholesaling strategy.When negotiating with motivated sellers, what are the advantages/disadvantages of a seller having equity in the property they are selling.

It may also be to your disadvantage when you eventually sell down the road. 

The disadvantage is that again, this requires trusting someone else to manage the property.