I've wondered if it would be a drawback knowing that the landlord is next door. 

@Robert C. there are some drawbacks to DST primarily fees.

- Some reasons to NOT refinance here would beYou are going backwards on your loan years (10 vs. 30)You are losing your HELOC - meaning you won't be able to draw on it anymoreYou will be paying more money over time with a refinanceYou will now have a higher loan amount after your refinanceThose are the main 4 reasons I can see that would be drawbacks to refinancing. 

Like anything worth doing, it has its challenges, but the potential far outweighs the drawbacks.

I'm going to do a mini-series over the next few weeks about the benefits and drawbacks of doing your investing virtually.This week we will discuss the main reason why a lot of people choose to do deals virtuallyGEOGRAPHIC FREEDOM!

Besides privacy can you see any huge drawbacks to this? 

The one thing that is kinda draw back is that an IRRRL still count as using a VA loan so in order to us it again you have to ether change to a conventional loan or do the calculations for “second entitlement”.I will be doing another IRRRL on the same property here in the next few weeks with the interest rates being how they are.

I have educated my client and made them aware of some of the drawbacks of coming in this low with essentially no basis.

Only thing that was a drawback to me was overnight occupancy count (2bed-4 guest, 3bed-6 guest etc as compared to the extra 2 guests we get in LQ).

We have several condo's and we love it, it does have its drawbacks; i.e. the whole 100% vacancy rule but we have them in really good locations.