Quote from @Pat Aboukhaled: Hey Lance, your property sounds like an incredible opportunity.. 20 acres with a lake and pool?

I live in Miami, FL and don't want to buy here since prices are incredibly high.I want to invest in growing communities, not exactly sure if I want to buy an AirBnb as my first out-of-state investment or  3-6 month short term, or a 1 year+ property.

One key advantage is the VA loan, which allows you to buy a home with no down payment and competitive interest rates, making it easier to purchase property.As you continue to invest, you can use rental income to help cover mortgage payments or expand your portfolio over time.

.- Privvy is easier for seeing investor activity in the area and seeing the before/after of flips (how much they bought and sold it for)As an investor, I presume that your versions don't give you access to MLS sale price data? 

Two wage earners are going to have an easier time making rent than a family where there is only one paycheck, depending on how high such paychecks are, and in both cases you would look at the total household income.Stick to your guns on what you said you wanted, but when you are not in the heat of the situation reevaluate your standards to make sure they are still serving you well. 

I do plan on living in it for a year at least but I want to redo a large amount of the interior so it would be much easier if I did not actually have to be living in it yet.

I live in Miami, FL and don't want to buy here since prices are incredibly high.I want to invest in growing communities, not exactly sure if I want to buy an AirBnb as my first out-of-state investment or 3-6 month short term, or a 1 year+ property.

Obviously it also depends on how much time you have to spend and how much you want to be involved in working on the property, but living in one side makes all of this much easier and a good on-ramp into investing! 

These deals are much easier to get locked down and offer more options for disposition strategy, but would rely on a qualified buyer pool who would be earning more than the six figures through w2 or a business.Benefits:- No Down payment deals- Seller carries 25-50% of purchase price- Lower interest rate than banks.

These systems not only make life easier for you but also for your tenant.