I experienced something similar in the Phoenix real estate market in 2011-2012.  

To build your team, start by connecting with experienced local real estate agents and brokers who understand the market.

As you're new to this space, I would recommend partnering with an experienced investor/operator in this space that has several facilities under management create a strategy for investing in this space.

{This is a general question on preferred equity investing not Wellings specifically, they seem like well run/professional/experienced group.} 

I have seen so much growth in Columbus when it comes to appreciation and job opportunities which I have experienced.

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.

I have purchased and utilized the deal Automator and can give you at least my side of what I experienced.

But I am interested to hear what the far more experienced professional investors and members of the BP community think... 

Since you're new to this, building a reliable team of professionals, an experienced agent, a lender, and a property manager→ will be crucial for long-term success.If you need assistance with financing or further guidance on scaling your portfolio, feel free to reach out.

Going to try to self manage my first property and looking to lean as much as I can from those more experienced!