Maybe you could compromise between your two scenarios and cancel your current Airbnb's but not rent it out for a full year to see if things clear up enough to make the airbnb scene feasible again.   

Which brings me back to my original thoughts - It feels like all of Dallas immediately surrounding downtown is looking to gentrify and become higher end, which really doesn't seem logical or feasible given the need to have housing for all income levels. 

I have been looking to start my first BRRRR strategy.  As we know, the BRRRR Method means “buy, rehab, rent, refinance, repeat,” and describes a strategy and framework used by investors who wish to build passive incom...

It wouldn't be feasible for even close to the majority of folks to start with a 50+ unit scenario.

It may not match your goals.One final though:  Your VA loan should be feasible for acquiring "under-performing" properties... 

In addition, the FMR chart showed rents for a 4 bed to be about $1,500 which I don't think is feasible for any tenant especially in the Central Falls area not sure if Housing is picking up the rest of that or not.

-what do you think about my goals, is it feasible?

I'm not sure where to look to find the data needed for a feasibility study for a specific area. 

If someone were to keep bringing them bad deals they would lose money, by charging you this fee it holds you accountable for bringing them a feasible project.

My state's market is not feasible (CA) to enter so all investments would be made across the country.