One of the few drawbacks to living in the country, I guess.)

Relying on a website to do the entire set of of marketing will always have it's draw backs.

What are the advantages and drawbacks of this?

The drawback as you've mentioned, is that they're only allowed to accept accredited investors.A fund that is offered via 506(b) however, is allowed up to 35 non-accredited, "sophisticated" investors and 65 accredited investors with a maximum 100 investors combined.

Are there any drawbacks that I should be aware of for only putting 5% down?

Can someone clarifiy the benefits and drawbacks to selling on a land contract if you already have a good renter in the property who is making payments on time?

Gross Lease 1,300Seems like a solid deal, but there are a few draw backs.1) It is in a flood plain, although I didn't see any evidence of flooding..

Easier in that you can close direct to LLC, but it does have some drawbacks for newer investors...

The only drawback is the limited amount we can raise rents in this area.  

Hard money is easier to get but comes with drawbacks.