HML verses PML

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I found a house in a neighborhood where the houses average $100,000. and the list price for this property is 50,000. I would probably offer around 46,000 or 47,000. I would like to borrow 60,000. with a potential of 40,000 to 50,000 profit. I have done everything from framing, roofing, wiring, tiling, to painting, so I think I could do a lot of the work myself. What I can't or don't want to do myself and to save time I could hire someone else. I have a lot of connections being a Real Estate Agent, so I think I could get a better price than most people. If someone could just help me to figure out how to get the money. I have bad credit and no money because I have been a house wife and mother for the past 13 years. What would you recommend?