Of course it depends where in the USA you choose to start, but let's guess using averages....With $50k to start with (as a 20% down payment on a rental property) you can purchase a house up to about $250k, right?

Hey @Cody Zucker,I manage STR's in Central FL.My fees range from 15%-25% for full service depending on expected revenue.I will say majority of owners that would qualify for a 25% management fee with me opt to self manage or go LTR due to the fact there isn't any cash flow.My average fee is 20% for full service.

Excluding properties recently purchased my average tenant stays 12.5 years. 

My estimate is we roughly added <3,000 homes in the same time (average monthly permits x 12).  

Instead, we added the average utility cost on top of rent, thinking it would simplify things.

Price per/sq ft average on rehab?

The stock market has provided better returns than average RE if not using leverage.  

Look up average performance of those markets on platforms like Pricelabs and call around to find out expenses (there are also many market specific resources on FB and YT).

If I was confident in being able to make 10%+ return in real estate(Cash Flow + Appreciation), then yes.I don't know if I would do it now since i am not sure I can make a 10%+ return in real estate given where interest rates are.The reason I suggest 10% is because the stock market on average makes 8% annually.The 2% annual difference will pay for the penalty over several years. 

For the average person/novice to understand, the smoking gun should be a simultaneous market sell-off and BTC selloff....