I’ve realized I need additional help—someone local, like an assistant.Here’s my idea: I was thinking of purchasing a small piece of property and putting something modest on it, like a single-wide home or a similar small structure.

Home prices have decreased over the last 18 months so there is lack of good options and values still above normal. 

If you're purchasing a single family home you can use traditional financing like you probably did on your house or you can do a commercial loan.

I see some larger single family homes in areas that appear to be zoned R2 that, at least from a physical perspective, seem like they could work for this.

He told me that he owned a couple large mobile home parks in town and that's what started everything for me.

@Gil CanfuBased on my experience working with over 400 investors, investing in a single-family home in Dallas with a $300K budget is a smart move due to the area's strong rental demand and appreciation potential.

2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

It might make the most sense to just sell your primary residence and use it as 40% to 50% down payment on your future home. 

I'm in need in helpful resources like foreclosed homes, wholesalers, and lenders.

FHA loans require living in the home as your primary residence for 1 year after purchase.