Steps taken to have deal fall through. Contractors and Financing?

[Julien Valentin]

So you reached to point where you have studied learned real estate terminology etc. Now you are looking for deals and finding a few but not jumping into it because your afraid your ducks are not all in a row. What do you have to have lined up to jump on a deal? Ex. Found an REO property for 60,000. Its shows that the monthly cash flow is 600 dollars a month if rent out after fix up. Repair cost estimated at 30,000 and ARV is estimated to be 150,000 so the deal looks good but your bank states they will only finance 60,000 after a down payment of 20%. You didn't go through with sending offer because you didn't know how to find a contractor, and another way to finance the cost plus repairs. What is advice on being prepared for these deals? If you have over 15,000 to start and a credit score above 680 how can you use what you have to get your first property?