Know and obey the law.

Your biggest issue is that $50k may not let you get a nice house and have any reserves.

We’ve only foreclosed on a few properties, all without issue, so I’m uncertain what qualifies as 'airtight,' Jonathan.

By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted. So I bought a single family home for 315k that was considered inhabitable. I was able to get a private loan which I used to ...

Regulations & Compliance: What's the best way to research local STR laws and avoid potential regulatory issues?

I would say however that if you are looking to buy rentals then the landlord tenant laws are not landlord friendly. 

PM me if you need any help.Anti-eviction act law https://www.nj.gov/dca/codes/publications/pdf_lti/grnds_for_...

A lot of our housing stock here has finished basements or in-law suites, so with something like that you can generate significant rental income for an inexpensive conversion.