But the draw back is its carpet, and the short life span and eventual replacement, if its to be held as a long term rental.

Each setup has its own advantages and drawbacks, and all should be considered for your specific goals and your operation.

Traditional lenders typically have more strict guidelines to follow.But there are a few drawbacks to using hard money…1.

The draw back to these loans is that they are more paperwork heavy than the other "portfolio" types of loans....but if you have ever received a loan on your primary home, it's likely that you will go through the same type of paperwork here with conventional lending.

You should be fine with any mid-tear drop in bathtub... fiberglass... cast iron... they each have their benefits and draw backs.

It's still a drawback vs. cash or 20 percent down, but a lot is lost because FHA loans are not presented the right way when it's not all the money someone has.

Would this be a reasonable and sound financing strategy to use or are there more drawbacks or even benefits to doing this?

I've been told that a home warranty is a smart decision for landlording. I can pay the monthly amount for the service (~50$) and then when anything breaks I can have the tenant pay the deductible, making issues pretty...

The drawback is the overall increase in interest from extending the term of the loan and the longer payoff date. 

Both have their benefits and drawbacks.