27/yo | $50,000 to invest | want advice

[Brandon Zinser]

Hello all. Moved to Charlotte, NC over a year ago and want to start building my rental portfolio. I think that I want to start with properties around $140,000 that need little to no work (possibly light cosmetic). I am looking for a 10-12% annual return and about $150-$300/mo in cashflow. I want to know from more seasoned investors what you would do if you were just turning 27 and had $50,000 to invest?