The downside is that if you put a loud obnoxious tenant in your unit you could experience higher turnover costs when they leave and potentially have their neighbors be calling you to complain.

The only downside like you said is the funds take a few days to show up in your account.

The downside of a heloc is that they are usually adjustable rate which is not a great move in this market.

That’s the downside, what’s the upside to your plan instead of a heloc?

Does anyone see any down side to this purchase?

What are the downsides for investing in Rentals in Newark or East Orange NJ?

The downside to that would be that your tenants using those garages may very well need to pay a lower rent rate for lack of parking so you would need to do a cost analysis of how much less income you receive for those units, add in the gain from the rental income of the conversion, and calculate the cost of said conversion to see if it pencils out or not.

That is the downside of long term NNN leases..vacancies are tougher to fill/project.The way to mitigate the risk is assume vacancy periods at the end of each lease.

nice deal - I don't really understand why more people don't use this strategy - (i.e. low ball offers) - very limited downside (don't get the deal), big upside and all you need is one to hit

There are benefits and downsides to both choices.I chose the partnership route for myself.