Placing a tenant buyer at a disadvantage, intentionally or negligently can lead to trouble.

I would also like to involve local disadvantaged young people from the community in the renovation process to teach them skills that could enable them to find jobs in this field. 

Any suits directed at an investor cannot easily touch assets under the LLCs because they're protected under a different legal name.One possible disadvantage is the due on sale or transfer clause in most mortgages.

I understand the advantages to getting my license but my question is, "Are there any disadvantages in getting your license?

The disadvantage is that you need to have plans of what you will do with all of the equity loan money.  

This seems extremely long and puts the buyer at a disadvantage.

I've seen many debates on here about the advantage/neutral/disadvantage of having a RE license. 

Where they do go is dealing fairly, reasonably, both parties being reasonably informed, neither party is dealing from an undue disadvantage, or where one party may coerce another into doing something a reasonable person would not do.

That is their biggest disadvantage.

While there may be differences on how you may get treated by some, there are advantages and disadvantages.