Given this set of circumstances which appears to have placed you at a disadvantage, I would promptly seek a manager who experiences benefits when you benefit as well, and fire the old guys.

-would there be any reason there would be greater disadvantages than advantges?

The title market is so competitive that prices are usually identical.The only time it has been a DISADVANTAGE to using different title companies is when there is a problem with clearing title.

Advantages - all or most of the rent is on time, direct deposited if desired; yearly screenings; yearly property inspections I can think of no disadvantages but I've only had experience with one. 

., you're right, that's a real disadvantage if the tenant can't use guest parking.

Please reply with detailed advantages and disadvantages..

I think that this type of buyer puts your traditional leveraged commercial investor at a huge disadvantage and at extreme risk in our current market.

It's never even crossed my mind that I would have any disadvantage in REI compared to men. 

Each will have advantages and disadvantages and the variables are generally priced in.

In terms of your actual question about notes vs. real estate, again mileage will vary by all the factors above but my own opinion notes are designed to have more protections (i.e. they are debt) but have disadvantages as well such as that you get no appreciation, less tax benefits etc.