Right now, I have about $50,000 available to invest.I live in Secaucus, NJ, but the market in my area is very expensive, so I’m open to learning about other options or strategies.I’m still very new to this topic and just starting to educate myself step by step, so I would really appreciate any tips, advice, or recommendations you might have.Thank you in advance!

Great topic and important consideration.

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Horror Stories from those that did NOT Understand What they were Buying:https://www.biggerpockets.com/forums/48/topics/1137397-baltimore-a-path-to-never-ending-painhttps://www.biggerpockets.com/forums/432/topics/1231840-sell-at-a-loss-or-rent-at-a-losshttps://www.biggerpockets.com/forums/311/topics/840134-memphis-turnkey-tenant-turnover-costshttps://www.biggerpockets.com/forums/963/topics/1195280-experience-of-oos-investing-in-cleveland-after-15-years 

@Alex Melara I'm also very interested in this topic.

As many of you already know or have seen ,  algorithms already know your an investor so you keep seeing content of the is topic.

https://www.biggerpockets.com/forums/70/topics/1278950-over-...Because I was on the market for a beginner flip or a value add house hack for a protege I consider signing up for the first time in quite a while but the wife talked me out of it.redemption until the day before the auction results in a lot of wasted due diligence.  

Check out this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyMake sure you understand the Class of properties you are looking at and the corresponding results to expect.Horror Stories from those that did NOT Understand What they were Buying:https://www.biggerpockets.com/forums/48/topics/1137397-baltimore-a-path-to-never-ending-painhttps://www.biggerpockets.com/forums/432/topics/1231840-sell-at-a-loss-or-rent-at-a-losshttps://www.biggerpockets.com/forums/311/topics/840134-memphis-turnkey-tenant-turnover-costshttps://www.biggerpockets.com/forums/963/topics/1195280-experience-of-oos-investing-in-cleveland-after-15-years

Out-of-State Landlord Nightmare: 4 Months No Rent, Cleveland Escrow BattleFailed BRR in Memphis TNA Cautionary Tale About a Property Manager in Cinncinattihttps://www.biggerpockets.com/forums/48/topics/1242392-rough...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/432/topics/1231840-sell...https://www.biggerpockets.com/forums/311/topics/840134-memph...https://www.biggerpockets.com/forums/963/topics/1195280-expe...

Check with local plumbing inspectors to see if there are any discussions on the topic within the local government. 

Horror Stories from those that did NOT Understand What they were Buying:https://www.biggerpockets.com/forums/48/topics/1137397-baltimore-a-path-to-never-ending-painhttps://www.biggerpockets.com/forums/432/topics/1231840-sell-at-a-loss-or-rent-at-a-losshttps://www.biggerpockets.com/forums/311/topics/840134-memphis-turnkey-tenant-turnover-costshttps://www.biggerpockets.com/forums/963/topics/1195280-experience-of-oos-investing-in-cleveland-after-15-years