There are some who will take your money and tell you what you want to hear but you got to do your due diligence.Out of state investing is very dangerous for the newbie since you don't know what you're doing and you're investing far from your backyard.Maybe invest in Jersey - an hour or 2 away from where you are.

One of the dangers of any lease option with a large down payment or a contract for deed (C4D) is that the owner if in trouble can stop paying the mortgage and keep collecting rent from you and you really would have no idea until it's too late, often after a year of making payments. 

You have enough cash to get into a much higher quality property with far fewer management headaches.

But then if you do out-of-state as a newbie, what kind of property you buy and how you buy it (teams, etc.) will be crucial because high-maintenance properties from afar are dangerous.3:) Which kind of options I should consider like 1-2 bedroom apartment or Single family home or multifamily home?

The fewer the moving parts the less work.

This is one of the dangers with balloons.

I would check local fire safety ordinances the tenant may be putting the rest of the building in danger and breaking fire codes using unvented propane heaters in an apartment building. 

There's nothing wrong with borrowing someone's good idea but it's dangerous to grab a form or contract off the internet and start using it without a review from a local attorney.2.

However, if you are flipping fewer than 10 per month, you definitely have room to grow.

This is one of the 2 main reasons Land Contracts and CFDs are so dangerous for the buyer.