The only drawback in DC is the very strong tenant laws but still worth consideration.  

The main drawback I have is that there isn't city sewer.

The drawback here is that these are mainly retail deals that wouldn't work as fix/flip deals. 

The drawbacks are: higher priced notes and a lot of competition when buying.

These are loans that stay on their balance sheet so they don’t need to confirm to Fannie Freddie guidelines.The only draw back is that the interest rates might be slightly higher and they typically aren’t long term, think 5-10 years as opposed to 30 year.Ask real estate investors around your area which community bank is great to work with for investment properties.

I've found a few properties recently that I'm heavily considering but the main drawback is the age.. alot of 1920s and early '30s. 

The only real drawback for us is getting the outside work done.   

The idea is that if someone goes to look at your locally owned LLC they will just see that a Wyoming LLC owns it and that Wyoming won't give out any owner info to the general public.This sounds good and all but are there any drawbacks to doing something like this that I am not considering?

Thank you for the information.LR has its drawbacks.

However, from what I understand there seem to be two major drawbacks;Firstly, DSTs do not provide asset protection through Charging Orders as LLCs do.