At one or two properties an LLC has the advantage of asset protection and the disadvantage of filing spread taxes and dues. when you get bigger LLC's can have a Tax advantage but you should consult a CPA. 

What are advantage/ disadvantage of masonry homes like the row houses in Philadelphia?

Much of the population decline is coming from these economically disadvantaged neighborhoods.

Each strategy has its own unique advantages and disadvantages, and the suitability of each strategy will depend on individual goals, risk tolerance, and financial situation.1.

If they are only getting it the morning of the auction, then I'm not concerned, but if they are getting it a day or more ahead of time (and it appears that they are), then it puts me at a distinct disadvantage.

They do have some advantages and disadvantages that is important to understand. 

Your seller is presumably at a disadvantage because you have an out-of-state buyer. 

There are advantages and disadvantages to paying down your mortgage early.

The “wholesale” type properties here are almost non existent, and go super fast when a decent deal comes up so being out of town you’ll have a huge disadvantage there.

Both have their inherent differences that's to be sure, and it's clear that setting up a Mobile Home park has it's advantages and disadvantages as well.Let me know what you think about them, your experience with them, and would love to know you take on which you prefer and why, or both and why!