I try to do the same thing being in the trades myself and its alot of people who are in the trades who help out also and use there expert skills to help others .Question I went to a house and all the hot and cold was ran in roles of plastic not PVC but like a hose, it took the subs a few hours to rough a house that takes a few days what is the advantages and disadvantages of this system was able to feed so easy not like the tank and copper or plastic and glue.

Just always been kind of seedy and feels more economically disadvantaged than other C type areas.

The disadvantages would be the high interest rate, the need to refinance, and the lower ROI given the expensive cost of the money, resulting in a lower amount of profit each month.Then, there is your personal line in the sand, where you have to make the judgment call of “is the investment worth it”?  

Just out of curiosity, what are the advantages and disadvantages of taking the 15 year loan and owning free and clear in retirement, versus taking the 30 year loan and still paying debt service when you're retired?

Part of that distinction is that we're called more often than any other call to give to widows and orphans, the disadvantaged and those in real need. 

Both types of properties have advantages and disadvantages, and the decision is based on your investment objectives, risk tolerance, and available resources.

As others have mentioned, the main disadvantage of FHA is that FHA loans at 90% loan-to-value or less (more than 10% down), have the monthly mortgage insurance premium payable for at least 11 years, and new loans at more than 90% loan-to-value (less than 10% down), have the monthly mortgage insurance will be payable for the life of the loan. 

Tax advantages/disadvantages would not be a valid consideration when making the decision to take title personally or in an LLC.  

This is not in reference to Gene Guarino, but to the inherent and important risks of pursuing this business model.https://www.assisted-living-directory.com/blog/disadvantages-residential-assisted-living-homes/

You'd be disadvantaged because you'd be hit with closing costs and more taxes compared to a refinance, and also suffer the other disadvantages of free and clear rentals compared to leveraged rentals which others have discussed at length, but you wouldn't have any debt, and would be safer in the event of a downturn.