There are advantages and disadvantages of having one.

Your parameters are set up to disadvantage the financing scenario by removing several of its most powerful features. 

@Clint G.This is one of the disadvantages of using your personal credit and buying in your name.  

Here is a guide to some of the most popular ways to fund your BRRRR and the advantages/disadvantages. 

There are advantages and disadvantages to owning property with an entity versus your personal names. 

I know that financing is easier to get for the first few properties, and I know that by having properties in each of our names we can extend the amount of properties we own collectively at better financing terms.Is there any disadvantage to having our primary residence refinanced in only my wife's name?

A lot of people think that 15 year notes save them money, but a recent article pointed out that you don't actually save any money until year 22...While the advantage of a 15 year mortgage is less interest, faster equity build, etc...you are disadvantaged with opportunity cost.And like others have said,  60k is a good amount of money to get a project under way.

If the city just screws my cost basis where I need to raise rents, then I'm at a market disadvantage. 

Are there any disadvantages in the long run for this type of loan?

There are advantages and disadvantages of smaller and larger multifamily units.