The biggest thing you will miss out on is leverage/diversifacation plus mortgage interest deduction but as far as actual benefits outside of the above 1st time home buyer down payment assistance (many of the programs have fine print that often makes less of a good deal than just free money) no not really. 

I also invest lend on deals within my footprint. 

Thank you,Denise Agree with Jay, if it does not sell for what they want goes back to the bank and then the bank can deal with the sale at a lower price or whatever they see fit. 

When you form the relationship with a broker that you've done several deals with, they can often get more exceptions done for you or be more flexible with their terms and or the options that they can find for you.

Contact commercial brokers with your deal.

My local authorities allow STR once I get the necessary permits and business licenses.

Brokers can look at tax records but past that they are not going to do title examinations and date downs again thats what title companies are in business for to protect buyers and protect your title..

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

You'll find a ton of investors there looking for more contractors, property managers, other investors to do deals with, and more. 

Purchase price: $124,000 Cash invested: $10,000 Single Family - good condition home What made you interested in investing in this type of deal?