First, when calling banks target the smallest most community based banks you can first.

If you want to own a rental, buy one thats a 10 cap or higher with 20% down through commercial financing with a big bank.

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

Do you have their banking info?

You should have separate LLCs and separate bank accounts for flips and rentals. 

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

Do you just do a typical loan/mortgage with a bank and use money in your savings account to put a down payment.Just trying to figure out what is the best method to put a down payment.

@Sharad BagriI would open a bank account at a local bank or credit union that will lend on the properties you are buying.

The bank I have used, Lyons National Bank, lends to me through my LLC.

Talk to a few local banks and get preapproved - the best financing will be for properties you choose to occupy, so I'd recommend getting something with at least two units.