I am still personally buying rentals but I am not expecting much in the way of cash flow at the moment.

That will probably be your best bet, to buy a fixer and get it cleaned up and then rent it out.Best wishes and good luck with your endeavors.  

After I sent them to him, he asked if I would want to buy one of them.

According to an annual report from the National Association of Realtors (NAR), 26% of buyers were able to buy without a mortgage (see graph below):Imagine buying your next house in cash.

Investment Info:Single-family residence buy & hold investment.

Any general advice is much appreciated.50k is more than enough money, the biggest question at 22 is are you ready to buy a property and be kind of locked in for 3-5 years.

Quote from @Robert Medina:  I’m trying to figure out how I can pay myself and buy another property. ...

Investment Info:Large multi-family (5+ units) buy & hold investment.

I actually got caught up in the creative finance bubble of trying to lock up properties way over their value just because it had creative terms not realizing that if you were to buy a property at 120% of its value you will never be able to refi or sell without paying out of pocket.

However I have a contractor who I’m considering partnering with who wants to buy and flip homes in Baltimore.