Be nice to your tenants by providing a quality product and service for the money they pay you.  

I plan to live in the basement and rent out the rest of the house.

Tenants are customers, customer service is what keeps people and retention is customer service driven.Prompt service, prompt maintenance, Clean building, good looking exterior and ground maintenance.Give people pride in where they live and they will stay. 

Or if you use that 50k for down payment with the rest financed with a private money lender.

So I'm in my first ever mortgage (house hack in Chicago) and my mortgage is being serviced by Chase.

But from a wholesaler, fix it up, rent it out, and the rest of the r's in BRRRR.

Experienced as real estate developer in Texas, I think you need a full service developer or you can sell the land as-is.

In 6 years $40k of my student loans will be relieved with the Public Service Loan Forgiveness program (since the university is considered public sector) and during that time I can take advantage of a university-paid master's program (once I figure out which one will best suit my goals).

Personal stuff - I love spending as much time as possible with my 5 yr old daughter and the rest of my family, I love fitness (generally work out at least 5x a week), and I've recently developed (better late than never) a passion for real estate investing as a means of 'getting out of the rat race' as well as acquiring knowledge in general in order to better myself and share that knowledge to help others.I haven't uploaded my Pro video yet, but I plan to as soon as I get a moment so my BP peers can get a better feel (beyond the photo) for who I am. 

If tenants are leaving tell him you suggest he clean it up and list it to sell as a retail property as it loses money every month as a rental.If you were licensed you could offer your services to help and still be able to make money on the lead you found.