Before you rent it out I would also look at your equity position and consider doing a cash out refinance to pull out some cash for the next homes down payment.

To get to the bottom of it, I found a cute community in Princeton Dallas and I need your guys' advices to confirm if im on the right track and if this small town is indeed a great option for a starting investor and has a great potential in rental cash flow and home appreciation.

Lending could be an option but with interest rates high 7, I am looking for other creative options.

Does it cash flow positively or is it all "upside?"

It’s close to beaches and has a mix of residential options, which could be great for flipping.33401 (West Palm Beach) - This area is in the heart of West Palm Beach and has a mix of old and new properties, many of which could benefit from updates.

But it can be done and whether you'd do it, where, what kind of properties you'd buy, ... will depend on your objectives, financial resources, knowledge, connections, ...Also, opportunities can be very different from country to country and within the same country, as it is within the US.Financing could be different, when available, but a 100% cash investment can be more profitable than in the US, especially given the high interest rates.My best advice is to be clear about your objectives and narrow down your options.

@June Broce We do a ton of Transactional Lending for wholesalers looking to double close, some investors who are doing seller finance deals or same day purchase and refinance into a DSCR loan.If you can assign the deal and save yourself some money, it's the better option but I 100% understand why someone also prefers to double close and secure their profits depending on the scenario.With that said, you can buy/sell the land SAME day for a legit double closing. 

I also recommending pointing out the positives of their review first if there were any.

Try to narrow down your options to the top 3-4.

However - DSCR Loans are "LLC friendly" so can raise that capital through a partnership/LLC format.This article published here on BP may help - sharing it here:Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?