But its not the only way to make money and has its own drawbacks.

The additional fees ect seem like a drawback on personal mortgage, especially if I can use a HELOC (not an option at the moment) at a lower % rate while still using arms length for a higher rate of return for my LIRA. 

I knew there would be some draw backs with holding my properties in my entity.What has your experience(s) been when establishing/obtaining a Home Equity Line of Credit on your property,which is held in your entity?

Rents in my neighborhood seem to go anywhere from $2600-2900 (this is a 3 bed/2bath condo).The big drawbacks I can think of are interior maintenance issues, especially with plumbing, which are generally homeowner responsibility.

What are the benefits or drawbacks of all this?

Each option has a drawback and it ultimately depends on how much we are willing to pay for protection and what risks we are willing to take. 

But again remember, they want deposits not loans, but they will do some loans to get deposits, but they are major draw backs as I mentioned here.I hope this helps and I wish you much success.   

The main draw back, if you are a handyman and seeking to do your own work, the banks normally do not like self performance, if you are employed full-time.Anyhow, welcome, much luck on your endeavors.

If the initial numbers look good there’s no time to waste and we understand the need to get the results of the evaluation back to you ask quickly as possible. 6.The draw back to an appraisal, you’re hanging your hat on one individual’s opinion, the turn time is 5-10 business days, appraisers’ expertise is in establishing the As-Is Value not the After Repair Value.7.We do require a $2500 deposit to get access to 100% Financing.

The drawback is that NAR allows individual brokers to opt out (i.e. to exclude their listings from the database)  so the RPR data often does not offer a complete picture when it comes to available and sold comps.