Also, I've never taken a class in economics, so I'm sure I'm at a disadvantage to your wealth of knowledge on the subject, but I come here to learn.

In addition, using a buyers broker for commercial MF is also a big disadvantage in most markets. 

My only other comment, and I will push back a little on some of the other posts, is that when you become a motivated buyer, you put yourself at a disadvantage. 

Just always been kind of seedy and feels more economically disadvantaged than other C type areas.

@Madhav Thaker, I am new to the US market In general, and BRRR has been something that has caught my attention due to the fact it is much easier for me to do that in this country.Coming from Australia where in my area the average house price was >$1m I started looking out of state (I’m glad I purchased my first property locally and not OOS)As many have pointed out on these forums, it is easier to get into the game locally because you can learn more from the nuances of running a rental with hands-on experience.As much as I would love to dive deep in other markets, being at a disadvantage of not knowing the area like a local will be hard.If you must here is something I have started doing, but you might go in a different direction:1.

All in all, I don't think at all having no college education is a disadvantage.

If you grow up so stressed out because of the horrors around you that you can't focus on school and you only are able to focus on surviving...that puts you at a great disadvantage.

Metro Charlotte appreciates as a whole, with few areas that would be considered disadvantageous in that sense.

However I also have the disadvantage of not being able to buy repos I list or bid on any HUD properties because of the conflict of interest with my brokerage.       

Once the title is mine, are there advantages/disadvantages to taking a home equity loan for travel etc.