How soon can I Buy my first rental property

[Senad Salihovic]

Ok guy here is my situation

Debt 

home 74k   - Monthly $600

school 21k  - Monthly  $164

credit card 3k - will be paid off ,in next month in a half 

Trash, gas, electric, phone, internet  - 350 monthly

I bring home $500 a week, 

would I be able to get a loan for about 50,000 to buy a single family home and turn in into a rental? Hoe much will I have to put up in cash?

Any ideas or tips?