The only drawback to this strategy is that you will have to drive 25 minutes (45-1hr with traffic) to manage it. 

You can not beat that return anywhere, and on top of all that its backed by real estate (which currently may be a bad thing in some markets :D)Now let's look at the drawbacks to Hard Money Lending.

But despite all the drawbacks, many people still do it.3-Use Non-QM (Non-Qualified Mortgage) products AND use BUSINESS CREDIT to supply the down payment. 

BiggerPockets can be an extraordinarily valuable resource, but like most other social networks, it has it's drawbacks.

We are hoping to buy our first buy-and-hold property by the end of this summer. We feel like we've been analyzing properties ad infinitum and just need to take action!

We live in the East Bay Area (Livermore) and wo...

However, the major drawback of this new production is its relatively high costs.  

I love college housing and think it's an excellent way to invest in real estate, however there are certainly drawbacks (shorter lease terms, possibly irresponsible tenants, etc). 

I know that not doing those smaller deals will rob me of the real life education, so that's one drawback.  

That's a drawback with a credit union.First they had a problem with the fact the plan name had "INC" in it (Aristo Associates Inc 401k Plan).

The drawback remains that your capital will be less liquid - so if you might readily have a need for it, this may not be the best vehicle.