It's a great way to get started IMO.But understand, at least in the market I operate in, there is no such thing as being "section 8 approved" before you have a tenant.You need to find a tenant, sign a lease, and only THEN schedule a S8 inspection.

It is a ton of information overload when getting started so I understand.

It has led me to so many more ideas and creativity on what I know want to do with Real Estate but also how to help other people understand the complexities of the game.

Using a straight short term option purchased for a small fee tends to bring the whole transaction into clarity and everyone understands the parameters.  

From what I understand, Fund 3 plans to buy 6 assets from Fund 1. 

They are typically neighborhood locals who just understand the neighborhood and have a close pulse on what’s going on.

This will help you understand your rights as a landlord and the rights of your tenants.

But I understand you already have a home, so that may not be possible.

But my understanding is that the majority of such properties in each major city are handled by a handful of brokers, and many never make it to the open market. 

That way you can understand local pricing/demand/tenant base along with grasping the mechanics of a real estate transaction. $50,000 would be plenty for a 3.5% down FHA loan (ie. househack a duplex/triplex), or a $200,000 single family via an investment property loan.