One of the biggest downsides of MTR vs LTR is that with MTR you’ll never have that long term (5 year +) tenant that rarely calls, keeps the property in top condition, and pays like clockwork, all the while paying off your mortgage, providing you with a consistent cash flow, usually fully tax sheltered.   

There's no downside to a smart tenant, because non payment will not go onto their credit report. 

I think the only down side that really gets me is that rents take 7 days to clear.

There is some downside risk, but the upside is a hell of a lot better. 

Downsides to Cleveland Heights would be the housing court's extremely liberal bias and the high property taxes.

The downside of living in CA is I pay income tax on any rental income in TX which has no state income tax.

I have thought of using FHA loan to get my start up, upside I can start with a 3.5% down, downside I have to live in the property for a year which cuts down revenue, and its only up to 4 units.

There are the downsides and risks.  

and flipping is just another job .. were as being an agent you don't take downside monetary risk.. you get paid whether the project makes money or not..

Downside of college degree: If we spend tuition on real estate deals we would be more likely to be more wealthy.