But for me the benefits our weigh the risks and draw backs.

I'm a new investor looking to purchase single family homes to rent in the Milwaukee area (West Allis, Greenfield) and a few of the deals that seem promising have one drawback--no basement.

On the drawback side, we received our first denial for flip financing from my bank.

There are a few major drawbacks that I see to investing in the US; the most obvious one being the exchange rate if you don't already have money over the border.

So that will be one drawback to any future tenants (just a guess).

I suggest reading a blog that is titled something like why you cannot make money on $30K properties (I think you can make money on them but not much for the amount of effort).My view is that typically an investor can do better without going turnkey but turnkey has many advantages and may be an easy entry into REI (just do your research).I am not intending to turn you off of turnkey but to point out some of the drawbacks. 

Another drawback is lets say a DE underwriter declines a borrower for FHA, and that borrower goes to another lender for a FHA loan, the new DE underwriter can see the previous DE's notes and likely will not approve them. 

I have the following questions: 1) how much money do you need to have in order to become hard money lender 2) how do you find your clients 3) what is the term for the loan 4) what are the drawbacks of being a hard money lender .

@Huthaifa AfanahThe biggest drawback and time spent is getting units rehabbed and back up to par for rental.

BP has helped me with networking, answering questions about Real Estate, serving as a resource for building my knowledge base of different types of investing and informing me on common drawbacks of certain avenues of investing.