Disadvantages are 1) you have to live in the property (for a certain number of years following the purchase) and 2) that you would be required to have mortgage insurance, which eats into your cash flow.

Still deciding between hardwood or engineered hw.New deluxe eat-in kitchen (already gutted)Google Street ViewFrontRearFront Porch ConceptProposed Floor Plan with porch

I hold several rentals and the taxes eat up the cash flow.  

(technically was cashflowing $850 the first year, but not if you're living in it thus eating up a $1500/month gross a renter would give you.)(4-Refinance) You cash-out refi to get the 20k cash you invested back into your pocket. (5-Repeat) You've met the 12 month occupancy requirement from the VA and can move out to rent both sides out.

Service calls and small fixes add up and eat into an owners revenue.  

Obviously everyone wants it to sell, just if it doesn't monthly payments can eat at your bottom line.

Is it worth it to you to loose a long term tenant and have turnover costs because you didn't want to eat the cost of fixing a few issues now?

Do I just have to eat the cost?

P and I would eat that profit margin and leave nothing.

Of course our taxes eat up a chunk of cash flow.