It's pretty chill, no pitches, no sales, just investors of all levels sharing their experiences.

You will typically receive lower rates than what you would see with a hard money lender. 

Would it be better to go for a lower end home and use a 203k loan to rehab and finance or get one that's not as bad off and start there?

Much lower price point for ours than yours and they aren’t lasting on the market.

Wages there will be lower, too.  

I discovered BP 3-4 years ago when I was first introduced to REI by successful friends in a Multi Level Marketing company I was apart of.

I’m looking for a bird dog to help take my business to next level.

not a great deal compared to buying 5 year term first trust deeps on performing rentals that pay 9 and 10% and you get paid off in 6 months then what .. no return.. until you find another deal so your drag on money turns your return much lower.. now if it was 10% or 7k over 6 months that would be something to think about.. but not an interest rate for such a short duration.

I think I understand that because I’m not able to max out the cash out and still generate the minimum level of cash flow is why there is dead equity?

My only concern would be a drop in the economy and not being able to cover costs in case I had to lower rent.