The main drawback to the LLC at the beginning is that the interest rates will be higher, and the loan amortizations will be shorter, meaning higher payments and less cash flow.

Even with the drawbacks to this deal. ..

Any drawbacks to this? 

Litigation is much less common specifically with property owners and injuries.Here is a good article laying out the benefits and drawbacks.

As a woman looking to start out in REI I want to know what's the biggest draw back, if there is any, to being a female in this business.

If so, what would you say is the biggest draw back or plus.

No PMI since it is a secondary market loan.We could refi after the 5 or 7 year fixed rate portion of the loan expires (and get a fixed rate) - question is: are there any other drawbacks with an ARM loan that we should take into consideration when making a decision?

A lot of smaller, older 1 bed properties only offer window air and baseboard heat, which is less desirable to tenants.With all that said, Millard is a desirable area, and if the numbers work and you are ok with the drawbacks listed above, I'd still pull the trigger.I talked to the owner of a 4 plex in Millard last week with 1 bed units, window air, baseboard heat, and average rents of $425, and she wanted $200k for the building, which is not even close to what it's worth.

The draw back is I had to learn everything from scratch with no support system.

The drawback is that if you are not doing deals you will have money going out and none coming in.