I'm considering renting out a large unfinished basement through Neighbor, but was curious if other people have experiences with Neighbor or suggestions first.I figure this would be a great first real estate project for me to get into as it would have minimal costs and overhaul.

100/sqft on a full gut sounds about right - This includes new roof, siding, windowns, electrical, framing, etc - basically everything besides foundation and structureFor a more cosmetic rehab with minimal expenses and alterations to electrical, plumbing, etc you are looking close to 50-60sqftFeel free to reach out anytime and I'd be happy to see your numbers and the project. 

It works well if the goal is to minimize closing costs and keep these properties in the long hall. 

(No kids, excessive debt, responsibilities that come with age, etc.)By the time you reach 21 onward your experience level will be that of a budding pro when others may not even have begun which would be incredible for you and would carry a lot of momentum.My biggest advice in the wholesaling world would be find someone who is doing it and doing it well, ask them to bring you on for free or very minimal pay and absorb all of the knowledge in return for time and effort.

Minimally-funded and Maximum over-funded policies are two completely different animals.There is nothing inherently wrong with Universal Life.

Unless a house was like $2K+/mo in rent, no chance I'd ever do anything different... even my outside-- if I do white trim-- guess what-- it's Du Jour color so I can use it inside if needed.. it minimizes waste!   

Certainly you should work to minimize your taxes by applying appropriate entity structuring and tax strategies.

One model I’m seeing investors doing is the rent by the room strategy / padsplit.IF done right, you can turn a single family home to function like a multiplex - increasing the cash flow by double, even triple oftentimes.Has to be the right property of course / layout / characteristics to minimize drama and conflict between roommates / tenants since it’s a longer stay than STR and spaces are shared but with the right set up and systems in place in can be extremely effective and super profitable.You can easily switch from STR to MTR since it’s already furnished and just make a few tweaks.I can definitely help you put some ideas together or connect you with some investors I know doing it in Jacksonville FL. 

For example, try USDA (if possible) or FHA loan first and start by buying a primary residence, then do X, then Y.Also, are there methods to minimize upfront costs? 

Thanks There a some lenders that offer require minimal or no season for the Memphis market.