buy based on location, do a 10-15 year note, refi in 3-5 years with great equity to a longer term note then rent it outorsave your money while renting and put a larger dn pmt into a house purchaseorendless possibilities..... depends on your income, credit, commute, lifestyle, etc...There are not many good deals in Austin to house hack right now

IF you do max out your own credit by buying SFH’s you can always move on to a syndicate at that point- Tax benefits and CoC - you get all of the same tax benefits between a SFH and a multifamily although the economies of scale may make a cost segregation study more economically viable with a larger asset- TLDR - safer leverage with direct RE, non-callable, possibly non-recourse, along with tax benefits - it’s pretty much the same with multifamily although given the diverse cash flows from multiple units I could argue that the leverage on a multi is safer. 

A couple of months ago, my wife and I purchased a larger house after having our 2nd child.

I will be staying in one of those and renting out the other 3, plus a larger 3x2 living space.

Tenants paying utilities means lower expenses, therefore a larger NOI, therefore a higher sale price (assuming no change in cap rate). 

So use the $50K to purchase a second property - either for cash or buy something larger using it as a down payment. 

If you're looking to get into it with a little forced appreciation and are focused on cashflow, you might want to look into areas with larger lots that already have, or have the room for, ADUs.

@Lynette Gryniak expect that, in general, nearly all underwriters (conventional or government guaranteed) are going to want to track down the original source of funds for the previous 60 days that are larger than about 2% of the total cost.

I'm not sure if they are solely saved for larger conglomerates and complexes or if they'd let in some smaller investors.

Success is having enough provision to accomplish the task.