With $50k, you likely have enough to get started, especially if you target lower-cost markets or use a strategy like house hacking.

If all of them have a garage and yours does not that will either put you at a lower ARV then what you thought, or a longer time on market.

Business owners won't want to get tied up in litigation and if there is a good chance they will lose, it is easier to simply follow the contract.How would that work with a lower-end tenant? 

You’ll learn the ropes on how to be a landlord with a lower risk/higher quality tenant-base. 

HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as  $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str. 

If for no other reason the more predictable and lower maintenance costs are a huge benefit.  

This likely will result in a lower unit value than if value was derived from comps (especially seeing commercial MF values have fallen in recent times).Good luck

. -- Thus, you can expect to get Class C or D tenants, which have a 15-25% probability of defaulting on their lease payments.2) If your PMC is lowering FICO to 550, what are they doing to improve their screening in other areas?

In many ways, it is "lower risk".But the not as altruistic side is: most syndicators, even those with $2bn+ portfolios, don't have the track record length to attract institutional capital.  

Just like bonds & stocks, different properties will have higher & lower risks.