@Samuel Coronado - the challenge is that there will likely be a very small number of renters looking for a house that size, as well as that can afford a rent amount that high who won't just buy otherwise. 

However I have a contractor who I’m considering partnering with who wants to buy and flip homes in Baltimore.

I’m curious: are others who house hack buying homes they can just barely afford, or are you sticking closer to the ~30% housing rule and using house hacking income as an added bonus?

Certain cap items is fixed or pretty close to fixed whether you are buying a $60K house vs. a $500K house in the same market. 

The reason most inexperienced investors buy in Detroit or Cleveland is because of cheap pricing.

I generally agree that buying SFH as first investment is an easy way to test the waters; however, if you’re set on REI I suggest buying a duplex or quad.

My goal is to buy one rental per year with price between 150k-250k for the next ten years (if i get to keep my job). 

If you are buying to live in, you could also do FHA with a cosigner.

Investment Info:Single-family residence buy & hold investment.

Any general advice is much appreciated.50k is more than enough money, the biggest question at 22 is are you ready to buy a property and be kind of locked in for 3-5 years.