What are the drawbacks of going commercial rather than residential? 

Hi everyone,Just working through learning as much as I can on the STR markets and trying to gage what most people think about condos/townhomes vs single family homes as investments...I'm trying to weigh the benefits of each against the drawbacks, knowing that I will be investing in a market (most likely) out of state (living in MI, looking at FL, TX, Gulf Coast region).My thought is that a single family home STR will be more work to manage from distance but will also force me to learn quickly on all aspects whereas a condo might be a bit easier to manage but cash flow will be lower as most/all have fairly high HOA/dues. 

I would recommend talking with a lawyer and an accountant - preferably both at the same time whether on a call or in-person so you can learn about potential tax benefits/drawbacks and if an LLC is right for what you're doing.Also, spend the extra $200-300 and have the lawyer draft you an Operating Agreement - especially if it's not just a single-member LLC and you have partners. 

I've wondered about the benefits and drawbacks of a vacation rental and have clients asking about this as a secondary investment property option.

My only draw back is that my goal is financial freedom and setting up a way to build up a portfolio for retirement.

There's nothing inherently wrong with the POH model, it just suffers the same drawbacks that investing in single family homes does.

I wasn’t targeting an estate sale, but there are some advantages and drawbacks in my experience.

Hi I am a new investor in Worcester ma area and was wondering if there was any draw back to getting my real estate license?

I am trying to figure out what drawbacks there might be?

There are benefits and drawbacks to each, and it will depend on your individual situation which is better.