In some states, a SINGLE MEMBER LLC can self represent, however, it the opponent shows up with an attorney, you are at a pretty clear disadvantage. 

What are some advantages or disadvantages of this situation?

At least I don't have a double whammy of paying two state income taxes on rental properties, but living in CA is a disadvantage at least with my situation.

Large brokerages can have internal databases of off market properties available to their agents, putting small brokerages at a competitive disadvantage, since they can only advertise to a small number of people, while say Long & Foster can advertise to 12,000 agents in their internal database. 

But you will be in disadvantage in the same situation of an equal.

I've detailed below both the advantages and disadvantages of Non-QM loans/lenders.

I know everyone's results may vary but generally speaking will I be at a disadvantage not having 1&2 and supplementing missed mortgage payments instead of a tax list?

In a competitive market, NACA can be a serious disadvantage. 

You have a (dis)advantage in a new community and will need to focus on making friends/acquaintances.

There are obviously people still buying in the States, it’s why we are all signed up on bigger pockets and as always there are advantages and disadvantages.