I have $50 and I am ready to invest in Dallas. Now what? Plano?

[Sean Ray]

MY FIRST BP POST! YAY!

I have read 100 books, read forums, watched podcasts, analyzed deals, talked to my lender, paid off all my debt and I have $50k to play with. I can't use that $50k to buy multiple properties in Dallas because if you aren't buying cash then the odds are already stacked against you. 

My lender said on a $250k investment he can get me mid $1400's for mortgage and all. Add a few hundred dollars for Operating costs, insurance and all that jazz I am looking for around $2,000 or so a month with 20% down.

The Dallas market right now is not really getting the 1% rule for buy and holds. a $250k property is renting for around $1800-2000if your lucky. 

I don't have the connections or patience to to a buy, renovate, rent on my first deal. 

So what should I do? Just bite the bullet and focus on appreciation and net growth? My cash flow will be barely hitting the $100 mark as long as everything works out perfectly and no one over bids (Which every home in Dallas is a multiple offer)

Advice?

(My first investor goal is to "Own a million" and just have at least $100 cash flowing. I am doing well right now and don't need any extra money but I also don't need a money black hole investment.)