The down side would be the same as any bank the buyer could end up not paying and you would have to foreclose on him and they could damage the property out of anger/spite.

@Mark Manship Insurance will be the biggest issue.

As I see it, the biggest impact is going to be a drop in value in densely populated markets, with a corresponding surge in value for homes within a two-hour drive of those cities.

I think the biggest hurdle would be related to permitting and zoning.

For those who have tested the waters - would you mind sharing your biggest mistake and how you could've avoided it when you first made an investment in a property?

Lots of cheap property in these areas.. the biggest challenge will not be finding deals but managing the property and finding quality tenants.

But other than that, are there any downsides to option #2 - Wouldn't I save $ by not paying for the Turnkey provider's markup?

The biggest challenge I faced when I got started was finding a good GC & handyman, which threw off all my projections.

It's like a cult.The biggest problem I have with MDF-based laminate is when you have kids and pets living over it.

About 50% of investors use them.The biggest issue is that although many recommend the perceived protection of a LLC none have ever posted first hand experience of ever having needed the protection.