You are at a serious disadvantage on the other side of the fence, in a market you are not familiar with, where you will have to give up control over your investments (the very thing that makes REI attractive), where you will have to pay everyone to do everything for you which cuts way into your profits, where it will be nearly impossible to find below market deals and manage value add renovations, and will be depend 100% on the kindness of strangers to make or break your investment on your behalf and keep only your best financial interests at heart ... these disadvantages far outweigh any perceived or actual benefit from investing in a far away market.

You are the one that needs to be a shark, aggressive, relentless, and most of all.. you need to want it more than the next person.Let me give you ALL you need to know how to do wholesaling successfully.1) Talk to sellers2)Explain the advantages and disadvantages to wholesaling (believe me to a seller, wholesaling is a LOT more attractive).

That is their biggest disadvantage.

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.  

What Are the Disadvantages of Obtaining a Real Estate License?

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 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?

To be liable you must be at fault.A business entity has disadvantages, cost of maintaining the entity, legal, accounting and management.