What is the NFPA testing and rating of the products.?

If your rate is higher simply refinance it if rates drop and just save all those “aggressive payments” to then invest with. $170,000ish should be plenty to help you buy your first rental maybe less and then you can get started faster than the timeline of spending 1.5 years paying off your mortgage first.

I plan to take the risk ASAP and am looking at a rental property that I plan to house hack.

My one concern, when I have talked to them, was the rent to price ratios on the houses that they sell.  

If you were to pay your investors $8,000 in preferred rate of return of 8% on their $100k capital investment, the second year the capital account amount would be brought down to $92,000 right?

Hello,I bought a house at the auction with people living in it.

Example - "I want to house hack in Indianapolis and am pre-approved for $500k, what can I get?"

You create a note with an ultra high yield because you capture the interest rate differential between the stated interest rate on the wrap note and the lower interest rate on the underlying note.2.

You could invest in housing near the refinery or buy a home you'd like to retire to...housing will tighten up in both sectors.  

Hard money lenders, familiar from your experience with flips, remain a viable choice, although they typically come with higher interest rates and shorter repayment terms.