Think I found a deal but I don't know where to start

[Alissa Noel]

Last year I got my real estate license and started listening to BiggerPockets pretty obsessively. A friend asked me what my dream job was and with very little thought or hesitation I said "Real Estate Investor". 

The thing is, I literally have almost no money. I wouldn't qualify for a loan either.

I recently came across a listing and I have been following it on realtor.com for almost a month. It's a fixer-upper and says that it won't qualify for an FHA so I think getting any kind of loan may be difficult anyways.

The home is in a huge vacation town and the area is PERFECT for a short-term rental. Unfortunately, the house is in another state so I haven't been able to see it in person but it appears that it has a basement that could be converted into a studio apt. This would be perfect as it could either be used as 2 short-term rentals or the basement could be a long-term tenant and the house could be a short-term rental. I even have a friend who could help manage the property and live in the downstairs apt if it made sense.

I cannot stop thinking about this house. It has been on the market for 44 days and has had at least 2 price drops. If this home was in tip-top condition it would be selling for well over $500K. It's currently listed at $410k but if David Greene has taught me anything it's that some of the best deals come from waiting it out on houses that are sitting.

So I realize raising capital is a thing. I'm not entirely sure where to start (if anyone on here is interested and wants more info please let me know!) 

Let's say I was just going to go for it, I would have to raise the capital before I even made an offer on the house, correct? So what happens if the house is no longer available after the money is raised? Do I just give the money back? It seems crazy to me to ask someone for hundreds of thousands of dollars only to turn around and say just kidding. Is there a way to kind of secure a deal before raising capital or should I just start offering up this investment opportunity to whoever will listen?

I know this is kind of a chaotic post but if anyone has any advice or wants to know more about the deal please reach out! THANK YOU!