~50k+ to put into investment property. what/where is best option for me?

[John Shotton]

Hey y'all,

I'm currently based out of Seattle, WA, and I've been looking into potentially purchasing an investment property. I hope to spend less than 50k total on the property but can go up if needed. I've considered the following options: 1) a mid-term rental condo in Seattle, 2) a duplex/triplex in a Tier 3 market or smaller Tier 2 market (like Minneapolis), or 3) Single family home in a place like Houston. For the last two, I'd need a property manager though.

I have the following three questions: 1) Is 50k enough to make a down payment + repairs on any of these options and still be cash flow positive?, 2) If so, which markets would you recommend, and 3) If not, realistically how much more would I have to invest to make this feasible.

Since I'm a total noob, any advice is much appreciated. Thank you!