@Joey Hicks yep it ha sits drawbacks.

Thank you @Chris Seveney; I do know the general difference between first and second as well as some benefits and drawbacks.

Month to month can have advantages, marketing for one thing, but the draw back here is that MTM notice must be given on the 1st of the month giving 30 days notice.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans (more on those in a second)....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

The off the shelf products have some drawbacks at large scale (100+ units).

I solely use Airbnb and although it has some drawbacks.... overall it's a wonderful option because airbnb takes such a small percentage of the total cost.

As other commentators said the big drawback is slow response times, unless THEY deem it makes the property unlivable. 

Time is the main drawback, I will have some large pockets of time through the holidays and hope to accomplish enough to be able to keep things going after that with steady inputs of time and effort, both in learning and doing due diligence.

If the initial numbers look good there’s no time to waste and we understand the need to get the results of the evaluation back to you ask quickly as possible. 6.The draw back to an appraisal, you’re hanging your hat on one individual’s opinion, the turn time is 5-10 business days, appraisers’ expertise is in establishing the As-Is Value not the After Repair Value.7.We do require a $2500 deposit to get access to 100% Financing.

Joe, I'm not sure the 1031 exchange section of the blog is the right spot for these questions (I could be wrong).Also I don't have any direct answers to your questions as I am in the middle of figuring the same thing out myself.However, Clint Coons had a great presentation at the Summit regarding Asset protection in which he covered numerous ways to set up your entities as well as the benefits/drawbacks of each.I would recommend checking out his blog for some direction.