The only drawback is it has a huge tank and filling 35 gallons from empty can be soul crushing but it is a huge tank so I don’t do it often and make the most of my Kroger fuel points

The drawback was I got a higher rate on the refi b/c it was considered investment property instead of primary residence.

The draw back is that it does carry a variable interest rate. 

I'm just trying to get a sense for what the contract could/should look like.Also regarding LLC's, my understanding is that using an LLC for the purchase of a primary residence has a lot of drawbacks, such as higher interest rates and the exclusion of tax deductions for mortgage interest and capital gains. 

For all of the “pros and cons” of Section 8, the horrible response time of the CMHA staff and lead time to get anything done is the main drawback. 

We were thinking about putting them into an LLC, but with my reading there seems to be drawbacks to that. 

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....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.

That is not a draw back, that is how it works and is one of the reasons it is so inexpensive comparatively, because the odds are it will never have to kick in.

@Jenna Harris A drawback to purchasing the Nashville residence now is that you won’t get as good of loan terms as you would if you were living there from the start.

Also, one draw back is there are 3 day transfers for Ally savings and I believe money market accounts come with an ATM card if you need cash right away.