From what I understood overfunded meant say a property is worth 100k and you get a hard money loan of a 150K given that the ARV is projected to be 200K.

Rate is not at the forefront of most situations unless the project is expected to take over 6-9 months to complete, then the carrying costs have more impact than say a 2-3 month project. 

Following as I’m interested to see what others say as well

Can you say a little bit more about the management process?

Have every adult in the house sign it, leave them a copy and keep the original for yourself.This might get you off the hook for the liability as long as , let's say a fire were to occur if the fire was not your fault.

I have nothing unique to say as the guys above nailed it on the head - your advantage is being a 'mom and pop landlord' and not a big corporation.

Move to a higher cash position but only hold for say a year. 

Always buy your House Hack “In the path of growth,” as I like to say.

I would say a general range would be $2,500 - $5,000 per year.On the financial planner side, I'd recommend getting a fee only CFP.

I try to steer clear of hostile people or people that has showed repeatedly that they can turn hostile very quickly..) he actually has some intelligent things to say a lot and I really believe he’s pretty smart in a lot of ways.