Should I take out equity in the home towards a crash pad and/or doing some minor upgrades on the home OR should I save up to get into air BNB arbitrage to increase my money flow and put that towards fixing the home and eventually obtaining a crash pad.

Listening to one of Brandon Turner's books and he mentions this (https://www.biggerpockets.com/blog/plan-to-make-a-million)My question is how do you calculate your loan paydown for the principal and how much equity you've built up?

I suspect this is due to either a better sales group, or the risk was simply adjust higher on the ones I went in. 

If you are good at managing a budget I think this is fine.I agree, especially somewhere that is barely habitable those other 6 months, which describes the UP of Michigan quite well.

When starting out, I think you should at least be able to get to your property several times within the first couple of years to en reasonable amousure everything is set up and functioning properly.

I recommend you use an attorney to ensure the contract is clean and you are protected.

I'm eager to soak up knowledge, learn from your experiences, and share my own as I navigate this journey.

Has prices run up too much already?

I've been here since 2007 (but only started investing in SFH recently) and have definitely noticed that when I see a duplex, tri, quad, 8+ they all seem to be in rougher neighborhoods...that being said, I myself definitely want to find some and may end up relying on off-market deals to find what I want.Let me know if you learn anything new about multifamily here in Memphis, I'd love to understand it more as well!

This Tranche will get an 8% preferred return and then up to projected 14% total annual return, the 6% above the first 8 will be split 75/25.