The disadvantage is that you have to work very hard for it, and most people are not trying to get a second job but are looking to retire off a passive income.

There are advantages and disadvantages to both 

Also it should have lower closing costs and be quicker approval than a refi.HELOC Disadvantage is the interest might not be deductible, check with CPA. 

Is this the standard and in your experiences please, what are the advantages and disadvantages of allowing / not allowing petsAlso, what is the best way to screen prospective renters?

If the Changes put you at a significant disadvantage then I would look into talking to a lawyer and see it its legally binding, but if its just something that is a mild inconvenience then I would just ride it out until the lease is over and make the tenant sign a new lease or leave. sorry for the run on thought everyone.   

Like I said I don't know the advantages and disadvantages of lease option vs subject to but I guess I juste understand the mechanics and paperwork better. 

Part of my goal is to hurry the loan approval process along so I am not at a disadvantage comparrd to a cash buyer.

We've been making our payments on time every month for the past 2+ yrs but I know this will be a major disadvantage should we sell. 

To develop this property you would need to buy at least one other property and you would be at a disadvantage if the seller realized your absolute need.7. 

Hello BP anyone know what are the obvious disadvantages doing wrap around mortgage on a lease property that i'm not aware off?