No real advantage or disadvantage for any particular market within US.

I just bought my first rental property and looking at different strategies. Our insurance company told us that if we had renters insurance that it would cover in case there was a lawsuit. I would love to hear your opi...

You will be at a disadvantage if your competition offers it, but you could offset that with a lower price. 

It sounds like you are an out of area owner as well, which puts you at a slight disadvantage. 

That would be when you go check it out and really think about if you like what you see.What's more, other buyers will be making offers site unseen which puts you at a disadvantage if you require looking first.I'd recommend taking an afternoon and looking at a bunch of vacant properties all at once. 

However, this puts me at a disadvantage compared to cash buyers, since I'm not as liquid.

Also, companies owning more than 15 properties are at risk in some areas of Spain, as some governments (like the one in Catalonia), tries to force them to offer a discounted rent to "disadvantaged" social groups.

you're at a time disadvantage not having that figured out prior to securing a deal.  

The disadvantage is that he lives in New York City where he owns apartment buildings.  

Also, they tend to be more open minded about living in historically socio-demographicially disadvantaged areas in order to have better access to the city.