The disadvantage I can think of is that, the tenants will treat renting your house as renting an apartment, and require more maintains like clogged toilets.

Tbh, if you can’t use leverage, I think you’re at a disadvantage investing in real estate.

Failure by the Buyer to so notify the Seller and/or Seller’s Broker in writing, within the calendar days, shall constitute an election by the Buyer to proceed with the transaction.As @Nathan Gesner mentioned, an estoppel agreement is a great thing to get but I have rarely been able to convince a seller to get that from their tenants during a purchase and you could put yourself at a disadvantage when bidding on properties by requiring the seller to get this

It harms American citizens and puts law-abiding small businesses at a disadvantage.

Quote from @William Coet: Hello,Specifically wondering what advantages the General Partner(s) has compared to the Limited Partners....Thank you in advance for any insight.What type of advantages and disadvantages are you trying to understand?

Add in, that you'll prob have to collect a co-pay from lower income people.Not seeing a big advantage (nor dis-advantage) either way.Steve, back east in the mid west deep south and rust belt  Section 8 pays SUBSTANTIALLY higher than market rents..

I can see the advantages of being able to get a down payment to reinvest in a small MFR and I will be able to capitalize on my lower interest for some positive cash flow.All of the disadvantages I can think of involve some upfront investment for legal advice and work, time for further education and that's about it.Any feedback will be greatly appreciated.Thanks all!

To make the most of this opportunity, I'd love to hear advice on promising emerging cities to focus on, the advantages and disadvantages of each, and alternative financing methods beyond traditional mortgages

There are advantages and disadvantages to it and those can vary by the local housing authority that administors the program in your area.

Lawyer would be a great resource for thinking through this.This isn't enough information to comment on tax advantages/disadvantages of an investment partner - more detail is needed.