Once again, biggest drawback on the latter program is they are cloud based and carry a monthly fee that I just didn’t want.

For the most part, I have also found Facebook groups to be a good source of information, and a great way to connect, although I find FB groups come with their own set of drawbacks.

The main drawback is that although we will still cash flow, we will be sacrificing some cash flow to get another property. 

Is there some hidden cost/drawback I'm not seeing?

For those of you who have rented condos what are the benefits and drawbacks of doing so? 

In this case, one of your advantages also has some drawbacks.

So both options have the same drawbacks.

Anyone see any drawbacks to this approach?

@Salvador Kalil, there are benefits but also drawbacks as @Matt Shields pointed out.

Dane, I do not have a specific lender that I personally know in Orlando, Florida, that I can recommend to you however, the advise I would humbly give you is not to limit yourself to just lenders that are physically located in your area and definitely do not limit yourself to working only with banks and credit unions.Banks and credit unions offer real estate investors some major benefits (lowest rates and very good terms)  but their are a few major draw backs (limit on how many properties they will allow you to finance, lengthy times to close, a lot of documentation).