The drawback is you can only raise money from accredited investors, and you have to actually verify they're accredited (in (b), accredited investors just self-certify). 

I am open in the future to open up the area to other places.The only drawback I see is that you are allowed to rent the condo out only after a year, so I am adding first year hold to initial price for the analysis sake.Example on a condo I bought:Price paid $31,500Closing       $1,200Renovation $3,000First year HOA $3900Utilities 1st year $720Taxes $700-------------Total : $41,200Rent s/b around 900-1000$2% rule - 900 / 41200 = 2.1%If (it happens once in awhile) the condo comes up without an initial wait time I am willing to pay a little extra to get it. 

One drawback to the second template, though, was that although a lot of people called me. many expressed disappointment that I was an investor, as they had thought I was a buyer occupant who fell in love with their house.Again, I don't have any advice for anyone, but I just wanted to share my experience with the BP community.

The only drawback is that you can only get out the lower of 70% LTV or the purchase price.

This is one of the draw back with residential property.

The only drawback is for the credit, I basically get a good, average or do not rent to them for a view of their credit.But, more importantly, I get their criminal, eviction AND their past residences.

What might be some draw backs to such a plan?

What's the drawback of having two businesses on a deed?

Contract For Deeds are not an option in Missouri or anywhere really unless you restructure the quit claim escrow as your default agreement, not saying they may not be done some places, but everywhere they can have issues in circumventing foreclosure laws if there has been equity established.Search L/O as there are draw backs, in St.

Drawback is that you cannot intermingle your personal funds with your retirement funds.