(if you are in the right market).2) The ability to buy cheap from moms and pops with huge room for upside in rent increases and occupancy increases.3) The ability to obtain seller financing (which is what got me into the business to begin with).4) The huge underlying value in being in an industry that has not allowed new construction since the 1970s.5) The low management intensity when you are just renting land.6) The only remaining sector of real estate in the U.S. where you can hit 20%+ cash-on-cash returns if you are smart.7) The win/win business model of bringing old mobile home parks back to life.8) The beauty of being in a business sector that is on the right side of every American megatrend.But there are also the following drawbacks:1) Suffering through a huge negative stigma that makes you embarrassed to even tell people what you do sometimes.2) Suffering through some city halls that hate mobile home parks and everyone associated with them.3) Suffering through media that assumes that anyone who owns a mobile home park is therefore evil no matter what you do.4) High levels of risk (and almost certain failure) if you do not conduct good due diligence.5) The endless risk of private utilities unless properly vetted.6) Learning to adapt to the customer base and being a good landlord that gets the job done in a friendly way.7) Not getting involved in the hysteria of some markets that offer little in the areas of returns or safety.I cannot emphasize enough that this is not a get rich quick scheme, but a get rich slow scheme.

My wife and I are looking at purchasing a property in a small Wisconsin town. The building is 3400 square feet, but the building is brick. Brick would be a new avenue for us as all of our other buildings have vinyl si...

What is the main drawback to this method?

What is the main drawback to this method?

You'd have similar drawbacks in terms of clientele, but at least the checks would be more regular. 

[Beware = https://www.biggerpockets.com/renewsblog/house-hacking-drawbacks/]I would look for a 2-4 unit too house hack.

These are commercial loans, but to be honest, I am not sure what all that means, balloon payments etc, drawbacks to look for? 

There are benefits, but there are drawbacks.

You must have purchased real estate in the past and you can also purchase directly through an llc which is great.This comes with obvious drawbacks: interest rate is higher, requires a little more downpayment (25%) and not all lenders offer it. 

Your Corp will then be able to get the full depreciation.This strategy has some drawbacks but also some big benefits.