What do you think are some of the drawbacks of the license, just to put your original (and super helpful!)

I had a couple of thoughts on this, and wanted to see I might be able to get some advice... 1. pull together enough cash to just pay cash for the next 1 or 2 houses. ... the drawback to this is that may take a little while, and many lower cost ones are either in rough areas or need substantial work to make them rentable. 2. switch my focus to searching for a 5+ unit multifamily.  

@Edward SalazarValuation aside, my initial questions would be focused on why the property is vacant; what it will take to have it rent-ready; and with what are you dealing w/r to local economy and clientele.Normally, the property would be appraised using the valuation method {aka Income Approach} (as opposed to comparable sales) as it is a commercial property.If the property is completely vacant and not generating revenue an attempt to value using income will be dependent on too many assumptions (assumed market rents, estimated or old expense date, etc), so an appraiser may attempt to value the building using a cost-based approach (which also has drawbacks for properties in need of updates/maintenance).Comparable sales is a weaker approach and, as indicated by others, comparison to 2-4 unit buildings is essentially meaningless.  

Outside of the negatives associated with the markup in prices, do you foresee any drawbacks from this?

Kyle,There are benefits and drawbacks to using one portfolio lender and benefits to using multiple lenders. 

Although it gives a decent picture of comparables, it has its drawbacks.

Are there any drawbacks to using this naming convention?

I've found quite a few areas out of state though that seem to pass the initial review.Buying out of state obviously has some drawbacks, mainly not being close and more importantly finding a "team" to help you. 

A freeway may be ok for young professionals but may be a draw back to the elderly and or families.  

Are there any drawbacks?