With $50k in a CHEAP market that is still possible although increasingly difficult, but with successful BRRRRS, each iteration could see a modest boost in capital along with cash-flow going towards future purchases.

There will be expenses you will have to maintain sure but the appreciation, tax benefit and rising rent/mortgage pay off make it a no brainer. 

There are 20+ Tax Pros on this forum.

You get all the benefits of owning real estate (cash flow, appreciation, tax benefits) with none of the headaches of buying, renovating, or managing properties.

What I mean by this is considering how much your down payment returns to your net worth (appreciation, loan paydown, tax benefits, AND rent avoidance).

We rent out our previous home and bring in $600 a month on it after mortgage, taxes, and insurance, but she doesn't see it as an investment property and so it has been hard to continue investing without her support.

Does anyone know the rules or limitations concerning keeping your homestead exemption and the rules about your taxes when you have declared it as a rental property?

I am selling my current business and will have about 300k that I would like to avoid paying taxes as much as possible on, so I am looking for something to invest in.  

or maybe take advantage of any tax related benefits.I would be happy to give you an opinion of value and even market it to my investor clients to gauge interest.

., tax implications, insurance, etc.)?