In fact, one of the disadvantages of joint tenancy is that judgment creditors of one joint tenant can attach that person's share of the property.

Since you live far away and it sounds like the property has some maintenance issues, maybe it is worth considering despite the disadvantages.

I've got one year of work on the books, so I know that already puts me at a disadvantage (not even considering I only have 7500 on that w-2 in the first place), but what I'm thinking might help my case is to show them my paystubs with how much I actually make a week/month.

The disadvantage is that you tie up your cash during the seasoning period, and it may be a little tougher to find a cash-out refi lender than it would be to find a lender for a purchase.

That said, the big advantage/disadvantage to the "small increments" negotiation option is that you stretch the negotiation out over a longer period of time.

We have a disadvantage by not being local.

There are many advantages to owning paper in a retirement plan and many disadvantages to owning real estate in one.

Is there any advantage or disadvantage in using a realtor when buying new home from builder?

Being based in Santa Barbara may be somewhat of a disadvantage as an investor if you are attempting to buy product in your backyard.

The only small disadvantage is disclosure to seller.