CA has its drawbacks and we're moving our investing strategy mostly out of state, but CA is such a HUGE state, that the adage that real estate is hyper local is very, very true.

The drawback of course is that it's not as passive as long term rentals. 

So here is a thought, if the drawback is that you are going to build the home yourself, why don't you talk to your boss about being the contractor of record? 

The disadvantage is that you will not necessarily be able to reprice the rent as easily to market rates, so if you are in an appreciating area there could be drawbacks.

There are already plans to roll out massive robot workforces over the next 10 years and while that may have some benefits, will have drawbacks too because it will accelerate the "need for UBI (Universal Basic Income)" as jobs will gradually disappear.

My biggest drawback is that I do have enough funds to hire these services right now.

My only drawback is money, inexperience, and lack of a mentor, which brings me to the other reason of why I am here.So that is it for the most part.

I don't think there's a lot of drawbacks from renting to students, and in fact, for me it's been a great move.

Indeed, an ethical agent in this situation will keep these details to themselves.ConsConflict of interest: This is the biggest drawback to dual agency and the reason why some states ban it.

The only draw back is that you have to live in the property for a while, so it will not cashflow until you move out based on the FHA guidelines.