If you use a property manager, you'll need at least 50 rentals to cover the additional expenses.

Those are the people you want to talk with about this.

This is my second step into this world.Quick introduction about me:I'm 28, I live in a small town in Quebec, Canada.

Is it a good use of time?

Research markets using key data points and build a solid team.

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.

However, I didn't continue this since I couldn't find any deals that would allow me to do a full cash-out refinance.  

If you don't have one, this is one reason why you probably need one.

This is where the bank generally gets notice Title was changed. 

Our best use for the property would be to build a couple of large estate home (8k sq' and up) and form a private estate, but, being that we are in the County with no existing zoning requirements, we could also build what we want and potentially turn it into an income generating property.