I think it is a great idea, steady tenants and a great REI if you are willing and able to take care of it (of course you can have a property management company, depending on what you want to do).

Regarding your options, both have their unique benefits, and your decision might come down to your personal goals and comfort with managing properties.Continuing to House Hack: Staying in your current home and purchasing another single family or duplex to rent out can be a great way to expand your portfolio while maintaining the comfortable cash flow you’re accustomed to.

Those able to self or hybrid manage can anticipate constant and positive returns. 

I manage two single family residential, that are low maintenance and collecting 10%-11% cash flow.

I have included a BiggerPockets article outlining BRRRRs and navigating leverage to scale your portfolio below.

Fund that flip is smaller, but also less investors, so at least the deals are not funded in just a few seconds.Both platforms suffer from some of the problems that pretty much all of the hard money loan platforms do: not enough volume for someone wanting to maintain a large portfolio, not enough conservative 65% LTV loans, too may loans and judicial only states (where it's extremely expensive and time-consuming if you need to foreclose which can cause losses), and single note risk (i.e not diversified).

Property Management Experience:Living on-site game me a chance to learn about property management firsthand.

We intend to list on Furnished Finder and use Avail.co to manage.

However, Iowa markets have slower appreciation rates and may not be as appealing or gratifying for property management.

For example, consider how you plan to manage being an owner and possibly a super.