Hi Brandon, depending on the location you could probably cash flow more than that as a short term rental or mid-term rental.

Biggest take away is finding a location or a property that you can run the numbers on any renovation or market to check future ARV/equity.You want to have equity built up in the shortest amount of time to try and refinance to take cash out or take out a Heloc. 

She's also not too tech savvy (neither am I), and doesnt know how to research this stuff very well online - especially for her country.We are looking for help to acquire a short term mortgage to secure our retirement home.

An important point of clarification when talking about the Southern part of Dallas is that "South Dallas" is the name of an actual neighborhood, located around Fair Park (where the Texas State Fair is located).

Did you invest through a company located there?

With all the information I need on this platform from the community to the connections, I feel secure in diving into my true passion.

As a fiduciary, the limited/managed risk actually limits their options.I THINK at least a fee based advisor won't be "pushing" in certain securities/funds that (s)/he gets a commission. 

I have an option to purchase an MR1 lot in a great location in LA but I'm skeptical regarding uses for this kind of land.

Make sure the contract is clear about loan terms, and using an escrow service for payments can add extra security.

Also, secure your properties as much as possible or it may burn down at 4 am in the morning because of a homeless person (happened to me).