Also, airbnb competes with the traditional hotel industry.

Would I be able to use the Mobile Home that comes with the purchase as consideration to make it a traditional investor type loan? 

I financed this deal using traditional portfolio loan with a local bank and for the equity I used a line of credit in which I leveraged another investment property towards.

I wouldn't say it's impossible to make it work in the Dallas market out of state, but prices have been creeping fast which make it harder to do a traditional rental where the numbers work.

You can become rich in either market, but keep in mind more people become wealthy via real estate than in the stock market alone. 

Thanks for the advice , I originally was primarily focused on small multi families but thought the cash flow would not be there / rental appeal outside of the more traditional urban area of Hartford.

You also can definitely go the traditional route with 3.5% down and buy of the MLS too, but remember that FHA will only lend on what the property will appraise for, and it very often will come in lower than asking price in a hot market, so be prepared.

I invested with my traditional IRA account as two different promissory notes for the same borrower on two different flips.

I’m new to BP and found this site while looking for more information on real estate investing after reading “Rich Dad Poor Dad”.

@James Perdomo most impactful starting out we’re Rich Dad Poor Dad, Millionaire Real Estate Investor, Richest Man in Babylon and The Go-Giver to get the mindset and mechanics of investing set.