I intend to consult a CPA soon, but I was hoping the community could shed light on my question in the mean time.Thanks in advanced!

If you do a deal with rehab involved, try to find one that is very, very light for your first one.

Or if you just don’t want a job ever you’ll need to find seller financed properties and use your $50,000 as reserves or for light rehabs until you can roll them into DSCR loans eventually and get some cash back out through refinancing them to do the next deal because eventually the $50,000 is going to not be enough.

Pilot light goes off, stove wont work, heaters off, etc...

One challenge when building small units is bringing in natural light as they tend to be long and narrow.  

, restaurants are plentiful, and traffic is comparatively light even in summer.I’m an investor, not a realtor.  

After doing a little bit of research I found that section 8 is something that can easily be done and isn't capital intensive can anyone shed some light on what this really is?

(Property manager takes 10%)Rehab would be:45K for new floors, paint, light fixtures, appliances, some plumbing and miscellaneous (one new window, etc) plus new HVAC and ROOF.

From it raining a lot the night before the property going active which brought to light foundation issues hidden behind the pre-existing finished basement paneling.

I'm looking for LTR seller / owner finance deals that require $10k or less in down payment and that don't need much rehab (at maximum light rehab).