Your biggest issue is that $50k may not let you get a nice house and have any reserves.

I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term. 

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

Quote from @John Friendas: There's a house I'm considering buying with a business partner as an investment rental.

Don't forget to annually mark time for vacation or family time.You might consider hiring a teenager part time if there's something that is time consuming (for me, putting out 20 open house signs then picking them up).Best to you!

I'm curious of the current market demand for student housing and appeal to rental investors.

.- Some lenders recognize NATO personnel and may include your Overseas Housing Allowance (OHA) as income.5.

@Rolayne Taylor We are just alike I started in 2019 with my first house hack.

And addressing my item #1 comment, almost always, when a "distressed" homeowner is approached, they initially are grateful to have the loan brought current, but before long they forget the circumstances they were in and you become the bad guy that stole their house.

We also have a house in Germany, but I do not think we can put that house in a trust.