The draw back with those on fixed incomes is that they lack the ability to earn more usually, what they get is what they must make do from now on.

After considering the drawbacks to the alternatives, putting 20% down, especially if you have the 20% in hand, is really not a bad deal.

They both have benefits and drawbacks, so maybe it's a 50/50 split in preference, in which I could go with either and be fine.

I think the drawback of this is that once I add my wife I would have to file a partnership tax return?

The appeal of the low requirement of capital but with high yield, is also one of it's largest drawbacks.

I started using a solo401K through your firm after I bought my second rental property, primarily because I no longer had other funds to invest and I'm adverse  The house I sent you a picture of, which is where I currently live I bought with a i401K loan, which as you know doesn't have the same drawbacks as borrowing from a regular 401K, i.e.

There are many drawbacks to properties that only cashflow, but are in areas that do not appreciate.

All of that said, both have benefits and draw backs and benefits.

The main drawback of the house that I can see is the lawn.

The drawback being that it often requires managing cleaning services and has a much higher initial startup cost since you're going to need to fully furnish the STR with high enough quality furniture that won't easily get destroyed.