OK from me someone who has been funding cash flow props in the mid west and specifically Ohio for a few decades.. 50k houses are in the worst neighborhoods of any city in Ohio and cant be fully turn key.. other than some very small little rural towns this might work.. but if its any of the bigger MSA's  Cleveland Cinncy Columbus ( here come the Columbus agents :) who in my mind pretty straight shooters) Dayton Toledo etc..

However they are conflicting, so I'd like a) to get more opinions on this specific area, and b) get some feedback on what other data points I should be looking at.

--------------The rules regarding 401(k) loans can vary depending on the specific plan, but here are some general guidelines that may apply to your situation:Employment Status: Typically, 401(k) loans are available to active employees who participate in an employer-sponsored retirement plan.

While on this journey I would love to start going to meetups or finding like minded individuals related to investing in real estate specifically in my area.

If you're looking more specifically for cash flow, tertiary markets that I also like are Newark, Dayton, Marysville, and Lancaster.Feel free to reach out you're ready

Just spend the next 6 months browsing these forums, listening to the podcasts, reading a few books.Then start connecting with local realtors, general contractors, and developers.Post any specific questions you have about the process here in the forums and you'll get answers within a few hours.

Of course, if it's a lifestyle buy, it's another story although such a budget would probably get you (much) further.

More general advice, sorry for not getting too specific, but careful with how you frame your direct mail outreach. 

My bosses are very Pasadena, South Pasadena and Altadena Specific.

I am all about selling on time and on budget.