Thats the part I don't really understand.You would sign some sort of agreement, called a guaranty, that if the LLC, or the corporate entity doesn't pay, I will personally pay it.

I sort of made a decision to myself that I would get a SFH at least a 2/1 800sqft or larger. 

EM is a larger amount and refundable due to inspection/financing clauses, etc. 

Should I try to partner and purchase a larger building?

Usually it is a larger downpayment then a flip loan.

This way your own home is still on track to be paid off and there is no extra risk of adding a HELO or doing a larger refinance there.

I am interested in using this deal as a springboard to get into larger deals.

I loved the experience and i highly recommend it. if it were me, i would take out a HELOC just as a backup. i think its extremely important to have some sort of fund to pay for the issues that are unforeseen. i would do that now before you get started and just let it sit there. also, of course, you could use that fund your purchase too. i would get the money part set up before you get too deep in the lending process. 

Theoretically, this means improved real estate marketing performance and ROI.CurationCuration remains a popular trend, though its value may be suffering due to larger trends, and the obvious need for originality.CrowdfundingNot only is technology creating more efficiency in mortgage lending, it is spawning new financing models altogether.

I've been trying to rap my head around this but I keep getting confused at the fact I just ended up with a new larger loan than when I began.