Looking for an experts opinion!

[Allison Zittritsch]

Hey everyone!! 👋

Long story short, I’m looking to get started in real estate investing and I have 50k to invest. 
I’ve been interested in getting started in airbnb, but with all the information available online I’ve fallen victim to analysis paralysis.
I’m open to hear others thoughts on what they would do if in my position.
 

p.s.I live in Michigan 

[Travis Timmons]

I'll second @Jonathan Greene - STRs hemorrhage cash before you earn a dime in revenue. Furnishing a place is expensive and stressful.  $50k is going to be tight...we always talk about down payments of 20% like that is all that you need. The reality is that you need money for a lot more than the down payment. The only guarantee after buying a property is that you are about to spend a pile of money (whether you furnish it or not). You also need cash reserves. 

$50k is tight, but you can probably get in the game for that if the rest of your financial house is in order. I have nothing to sell and would be happy to help if you think that I can be a resource. We (my wife and I) own and self manage short and mid term rentals. It's tough to get started but both are great strategies to generate a little more year 1 and 2 cash in a tough market.