If you have the 50k you can maybe even use that to partner up with an experienced flipper and put some of that money in the deal as many want you to also have some skin in the game.

SAD BITW nobody is giving a dime without YOU having skin in the game, 

., theatre room, great game room, murals etc)My Morganton property went live in December as a 3 bed so that we could get some holiday bookings and we had no issues getting it booked.

We're most likely looking at multi-family (initially) in lower cost of living regions simply to make it affordable for us to get into the game. 

That said, I'm unfamiliar with the market and would love to meet with other investors who are finding some success (and mishaps) to help refine my game plan.If there are any REI meets ups please let me know!

Or would I be ok with another rental and enjoy the income..Would like to know from people who did their own development and was it a game changer to their business profits?

The best way to win is staying in the game the longest. 

It's not a game changer, but a strong concession can level the playing field a bit.

Been in the game for just over 2 years.

or heard of it.. was a new one to me.. what I love about our game of RE is no one knows everything and you learn new stuff every week.