Please discuss this special allegation with your Tax advisors.This post does not create a CPA-Client relationship.

If any of your properties are discovered by City officials to be unregistered, you can receive an administrative citation for failure to register; this penalty can cost $100 or more per property.

Any info would be a huge help.

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

@Jerryll NoordenI love this post!

Funny you mentioned this.

He is an expert in the area and can definitely help you weigh out your options from an investors point of view! 

While doing that, rethink how to best invest and deploy your corpus.I saw this article and thought of your plight.  

Local real estate meetups, REI clubs, and even Facebook groups can connect you with experienced investors and potential mentors.When it comes to finding mentors, focus on providing value; whether it’s offering to help with projects, sharing market insights, or just being a reliable connection.

This should be avoided.