The biggest thing you can do is build your CORE 4 which consists of getting a great realtor, contractor, property manger, and attorney wherever you choose to start investing.Let me know how I can help you get going

I know i have to talk to an attorney soon but some direction will immensely help me.

Thanks for the insight I'd review the contract or agreement and maybe consult an attorney about getting out of this.

Investors must be aware of these areas, they don't need to be an attorney or CPA, being aware of things is not requiring you to be an expert in all these areas.

Get a good attorney to draw up your LLC and spell out what everyone does and how you can push any of you out when they underperform.

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.

I have a rockstar attorney who does Virginia, dc and Maryland.

i can't legally kick her out, unless she keep paying later after attorney letter, but she stoped after she received the letter

I had my attorney review the JV Agreement.

I have an attorney that is my designated RA for all of my LLCs.