What would be the benefits or drawbacks to obtaining a REL?

But if it's normal for the area, it won't be drawback to your tenants or resale buyers.I don't have any properties on a well or septic tank now, but I grew up on both. 

However, it is a viable solution if you've no other choice - just be aware of the drawbacks...

My question is what are the benefits or drawbacks of forming an LLC related to real estate?

But the draw backs are not having the income from my current job and also lack of benifits.I just feel like the days pass by so fast but I can't get anything accomplished because by the time I get settled in at home its 7-8 pm and i relax for an hour go to bed and get up at 5am :protest: So its almost impossible to find the time to do anything more then read books, articles, check listings every now and then...etc

Would anyone like to explain to me some of the benefits\drawbacks of both of these types of investments?

I hopped online and searched the subdivision for the out-of-state owners of pre-existing homes in the community, and sent letters promoting our new homes in the same area.this way also works if you have found specific properties that appear vacant...The drawback to this, of course, is if you have no direction for *which area* you're looking, and are only looking for absentee owners.

but the small town and the lack of cell coverage has been a major drawback in getting people into the house.I guess I will look over my expenses now and see if I can make something like this work.

What are the benefits/draw backs of either.

The drawbacks are limited luggage and now weight, since the kids are older/bigger.I took some lessons, and even cross country soloed, but never got my license.