But, if your clients are all driving shiny new cars, and they're trying to buy property where all the neighbors drive shiny new cars, then an old work truck might be a disadvantage (e.g.; it could make some clients uneasy, or some clients might view it as a sign that you don't have things together).Personally, I like my agent to be driving a vehicle and showing signs of wealth and success that are just one step above my own vehicles, and my own level of wealth.

There are tax disadvantages that can "bite you."

FINDING THE RIGHT LENDERReal Estate Agents assist in determining what a Buyer can afford as well as available financing options.FINDING ‘THE ONE’With hundreds of homes on the market at any given time, Real Estate Agents assist in finding the home which best meets a Buyer‘s needs, from size and style to features and location as well as accessibility to desired amenities.EXPERT PROPERTY ADVICEReal Estate Agents can provide information to better inform a Buyer regarding which property to buy, from real estate values to taxes, municipal services to utility costs.KEEPING THINGS IN PERSPECTIVEReal Estate Agents can be objective about a property and point out disadvantages, as they have no emotional ties.DETERMINING FAIR MARKET VALUEReal Estate Agents will determine “fair” market value establishing a fair sales price.STAGING AND FIRST IMPRESSION MASTERSReal Estate Agents can offer suggestions for staging a home to show off its best qualities.MARKETING MARVELSReal Estate Agents also act as marketers to make a property more visible to Buyers.

We have to do the math to determine what advantages and disadvantages each offers in taxes, opportunity cost, relative asset risk, cash flow and appreciation (to name a few). 

The biggest disadvantage of an FHA loan is PMI which is required in most states when you put less than 20% down on a property. 

There is no disadvantage to sharpening your brain.

I am hoping you guys can help me out:What are the main advantages and disadvantages of buying pre-foreclosure?

A BUYERS agent representing the buyer MAY be okay with a subject to transaction, but if they know their market they’ll realize that their chance of this kind of transaction going through to close is a lot less than a conventional sale since once the seller understands the disadvantages and risks they’ll probably reject it.A much better pool of sellers for subject to are those that don’t have any equity in their property, so are unlikely to list with a broker since they’d have to come out of pocket to pay the commission.  

How long would it be before a group of ultra-wealthy citizens vote their own into office, change the laws to provide themselves as much wealth as they like (and ensure that those that are against them are at a disadvantage when it comes to accumulating wealth/votes, and then amend the Constitution to allow themselves eternal rule.

Are there any tax disadvantages to this approach, and is this Ill-conceived?