their is practically a whole quarter of the town where its very hard to retail a home, your pretty much just going to be selling to buy and hold investors, and our local buildings inspectors are rediculous, then on top of all that, as mentioned above there is 4 big wholesalers in this market, two that were mentioned above, then two that dont really advertise their deals, all of which are very experienced and seem to have unlimited marketing budgets..Anythings possible, but not being in this market is going to be a huge disadvantage, as the margins are just too slim..Add all that to tons of newbie investors who over pay for every "Internet auction" "hud" and "tax sale" "craigslist" type deals ever, makes it a hard market to be repeatedly successful in.. 95% of the deals I look at, Shawn or Wade (the two guys companies mentioned above) have already looked at them, are at the property when I am, or are on their way) they're advertising is top notch and they don't miss much., a lot of times it ends up being easier buying from them, as your time is worth something and when your getting 1/10th the leads they are, and they're getting all the leads you do, it's hard to compete.

Fine, who wants to move before 5 years anyway, I do not see any disadvantage when using the such good program.

The disadvantage here is that their interest rates tend to be higher (8%+).  

>>"Most homes in the neighborhood have at least 1 car garage"so you are at a marketing disadvantage and all things being equal, you're neighbor's sfr rental would be more desirable than yours. 

Is there any disadvantages to doing this (e.g. technically the legal owner is the Trust, so would a Lease Agreement in the landlord's actual name be somehow unenforceable)? 

Each of the cities you mentioned can offer different advantages and disadvantages when it comes to multi-family.

Generally it can be disadvantageous as this would create self employment income, where leaving the income in the rental it is not subject to self employment.

The new laws in NY put you at a disadvantage.

And I was born with every disadvantage imaginable in life, no family money here.

The HML that i have been on contact with works more like a line of credit, so I would be bring cash to closing so doe that put me at a disadvantage to the other cash closers?