They’re highly focused and highly effective.

I highly recommend the 90 day apprentice for self starters.

HELOCs and HELOANs do exist for rental, but with prime so high and secondary tier of LLPAs associated with these programs, you'll be above 10-11% all day.

With that being said, I would highly recommend against investing in Newark.

This is almost like saying you open a restaurant and need to make separate bank accounts for payroll, utilities, customers, taxes, insurance, repairs, supplies, food, etc....Learn to do some bookkeeping and it will make your life, and your accountant's/cpa's life much easier. 

Why are your rates so high?

And  as high as they will borrow you to cash out of some your equity but increase holding costs) As well as put some cash in your pocket. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I have a good income so not desperate for immediate cashflow, but markets with high likelihood of appreciation seem like they’ve gotten so expensive that I won’t even be able to make the 20% down with my 50k budget.

With that being said, if you have high risk tolerance and are young, this seems like a good place to start.