As for PadSplit, it’s definitely an option, but if you’re gonna live there yourself and don't mind a little hands-on management you can save and still cash flow.

They also leave a communal bottle of hand soap. 

Depending on how much cash you have on hand, you might be able to pay points on the loan and decrease the rate.

Don't get me wrong, they absolutely have their place, and we have a handful that we love working with.

There are a handful of areas worth avoiding in Macomb County. 

There are a handful of lenders that do not have a seasoning period at all to cash out on the new appraised value, however the rate and fees will be higher than if you waited a bit. 

With GrumpyHare, on the other hand, I have your direct contact on FB and can reach out here.

You can play landlord for a few years and you'll learn a lot from doing that (especially hands-on) - but long term not a winning strategy.

I have put my bare hand into a mass of many thousands of swarming bees and did not get stung. 

Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand.