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.

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.

Funny you mentioned this.

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.

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

@Jerryll NoordenI love this post!

This should be avoided. 

Combining this with other tax-deferral strategies, like maxing out your IRA, 401(k), or solo 401(k), can help significantly reduce your tax burden while aligning with your personal values.

Hello @James Wang,Your current management experience will be helpful as a realtor in NY.What are some specialization of realtors?

I have been mostly absorbing everything I can from the various threads on this forum.