I’m having trouble deciding where I should be looking and what metrics I should focus on when trying to make a decision on where to move.My current options are Texas, North Carolina, Arizona, and Wisconsin (where I live now).

They don’t usually foreclose like mezz— they take over control rights if things go sideways.Ideal for:Ground-up or heavy value-add where cash flow is lumpyDeals where senior lenders cap leverageSponsors who need flexibility on timing of returnsThe real deciding factor: cash-flow timing vs. controlIf you can make regular payments but don’t want to dilute ownership → MezzanineIf you can’t guarantee near-term cash flow but need capital to close the gap → Preferred EquityIf your senior lender forbids mezzanine (which happens often) → Preferred Equity is the workaroundOne more nuance most posts miss:Preferred equity comes in two flavors:Soft Pref – economic preference, no takeover rightsHard Pref – essentially mezzanine equity with control triggersUnderstanding which version you have matters just as much as the return.Both tools are powerful, if you pick the wrong one for the wrong project, it can wreck your risk profile.

I just needed to decide what I liked. 

On a sidenote, it looks like you decided to stay in Little Rock as a contractor.

Down payments, reserves, and inspections are proportionally larger.How to Decide Which Is Right for YouChoose a Single-Family Home if:You value ease of management and reduced operational complexity.You’re investing out of state and want simpler tenant demographics.You’re long-term appreciation-focused and comfortable with lower cash flow.You prefer stable tenants and less frequent turnover.Choose Multifamily if:Cash flow and income resilience are top priorities.You’re comfortable with more moving parts and more frequent communication.You plan to scale and want more efficient use of time and capital.You want to enter house hacking, or you want a stepping-stone into larger multifamily later.Ultimately, neither asset class is inherently better.

You should decide to use a PM before you even pencil the deal.

A tenant who won't communicate for a month and won’t pay is choosing the outcome.File, regain possession, and then decide what you want to do with the unit once he’s out.If you want, I can help you tighten this into an even shorter, more direct version.

I’ve learned that loan structure — term length, fees, flexibility — can have a huge impact on actual profit.How do you decide which funding option makes the most sense for your deals?

The math, the tips, and all the different perspectives really helped me see the situation from every angle.After going through everything and running the numbers again, I’ve decided to keep the property and not pay off the mortgage for now.

Quote from @Travis Hibbard: I've recently decided to invest in Norada notes through my SDIRA.