It could have some minor tax disadvantages.

I would also never use a term lease for any applicant as M2M works best for landlords and has no disadvantage for good tenants.

The disadvantages I hear people say, in my opinion don’t hold that much weight.

Biggest disadvantage would be the paper mill.

Still, buying with a contingency that you have to sell your house first, puts you at a serious disadvantage compared to other (especially cash) investors that you will be competing with.

It is not required as part of a tenant lease agreement.When ever possible this is the approach I generally take with difficult tenants, rather than comply with requests I modify my lease in such a way as to remove tenant options without disadvantaging myself.

When I first started in the business, I thought I was at a disadvantage because I'm not handy nor do I have any desire to be.

Quite a list of prerequisites: http://mortgage.nationwidelicensingsystem.org/slr/PublishedStateDocuments/GA-Mtg-Lender-License-Description.pdfSome exemptions include:  Federally insured financial institutions and their wholly owned subsidiaries;  W-2 Employees of licensees and registrants (see Code);  Attorneys who provide legal services who are not in the business of negotiating loans;  Any person performing any act relating to mortgage loans under order of any court ;  Nonprofit corporations making mortgage loans to promote home ownership or improvements for the disadvantaged;  Any natural person who makes five or fewer mortgage loans in any one calendar year;  Other… refer to Code Section 7-1-1001.Bob

Is this the little talked about disadvantage of owning RE in an entity vs your personal name?

Just like everything in life, there are certain advantages, and some disadvantages to having your RE license.