The last one was a home in Oviedo I liked a lot, margin was small but wanted to do my first flip and get my feet wet so to speak.As I continue to look, I've noticed that not having cash is a big disadvantage.  

Those deemed not in proper condition to be actively fit or socially inequitable due to unjust enrichment from consuming more calories than disadvantaged, oppressed, third world applicants have access to will not be considered"I think that will work well

I'm not 100% certain how trends work in FL, but that may be a disadvantage. 

Do you see any disadvantages of doing it ? 

The disadvantage is you need to be more hands-on because you are cleaning the property and paying all the utilities.

There's advantages and disadvantages to both types.But in any event here's a few questions that I can think of that I would want to know the answers to before proceeding with a particular lender:~ What will the interest rate be and is it variable or fixed? 

Apparently @Bill Gulley thinks there are tax disadvantages to owner financing and @Christopher McClatchey stands behind his teachings and experience.  

I am looking to buy/finance my next rental property which happens to be a four plex.I am just wondering what the advantages/ disadvantages are of each type of loan. 

Do you see any advantages or disadvantages for the properties you currently own in Philly versus Montco?

Not doing so would put you at a competitive disadvantage against all of the new builders who are doing that as it seems to be what the market wants.