The downside of OOS investing is you need a really strong property management company in each of those areas which can be challenging to find.

In this case if we assume both ABC Capital is a solid operating group and the operators of the Main Street Fund are also experienced and great sponsors, they’ve both vetted the deal and have conducted their own due diligence, giving a double layer of these crucial steps.ConsThe first downside is additional fees.

Down side of that I wouldn’t see any cash flow from that then for 6-7 years. thanks for your help.

On the downside it can be a bit of a pain getting to and from Vancouver Island though, so if your investing on the mainland and your investment approach requires more hand on/in-person work that might be a difficulty situation. 

Taxes are ideally paid directly to the city and defaults give the original seller the right to foreclose on that specific unit.If this can be done then the lack of HOA appeal can be kept and there should be no downside to skipping the HOA that I can see.

And, they have 0-skin in the game, what's the STR-PM's downside if vacancy is at 60%?

I've used them.On the positive side, it is nice to have one provide that can cover across many states.On the downside, to provide those competitive quotes, they often have exclusions that reduce coverage normally included in a DP3 policy. 

Does anyone have experience going keyless on your rental properties. any downside to converting my units to electronic combination locks and ditching the keys all together?

Tax implications are definitely a downside not being a US citizen.

I don't know, but I think wholesaling as it is often practiced today exists in kind of a grey area, the downside of which is that insurance coverage may not provide the level of protection one would hope for.