Having a solid foundation is key, adding significant value to every deal allows you to grow,  I would say with your $50K go out and do a rehab and make $30K on a flip so you can add $20K to your $50K  ($10K set aside for taxes) do it a few times so you have a great launching pad and rehab experience for the rentals. dont buy turn key rentals, always buy below value, and push the equity with a rehab, and right now in the market cycle, only buy great deals, marginal deals will burn you when this market changes.

There are many rules regarding zoning, and environmental issues. you can easily get burned if you don't know what you are doing.

My investment partner and I have capital burning holes in our pockets!

Saw my parents in FL get burned bad in 2007 and I need a homerun investment (or atleast a few singles) to get the wife fully onboard.

It burns to the ground and you are left with a lot. 

The manufacturer's warning placard on the water heater states that water temperature above 125 degrees F can cause burns from scalds and possibly death.

They won’t give you a mortgage on a property that is uninsured and could burn down tomorrow.

At the end, I was earning six figures working in the game I always loved but I had become so burned out to get there that I ultimately resented it and quit.I'm not trying to be pessimistic. 

I will also strongly advise against getting married to get off-base ( I've seen many get burned doing that too).

So even if something isn't burned doesn't mean it is great after the firefighters get done.Probably it all comes down to your trust in the GC.For only 10K I would probably do it.