If you are accredited, the best thing to do would be to invest 50k into a syndication and soak up all the knowledge of how it works from an experienced operator before you make the decision whether it's your plan.

No, but they had their heyday after the California Wellenkamp decision.

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

Good luck in whatever decision you make!

I think most successful investors would tell you that, while you need to take tax into account in your decisions, you shouldn't make a decision based on that alone.

This decision will also be impacted by your interest rate.

At a certain point, you've got to make a decision based on the legislation before you. 

I am hoping to learn more about how investors analyze their deals and make decisions, as well as looking to better understand general real estate investing.

@Byoung Bae,Congrats on making the decision to make your first REI. 

Taking small, manageable steps now will help you make informed decisions when you're ready to invest.Good luck!