Advice on investing with a single family home

[William Harmon]

I am in need of some mentoring and coaching to do this. My plan as of now is to secure 50k through a private lender and do some renovations and get a tenant in there. Then go to a bank to get a mortgage on it to pay back the lender and also pay 60k to my aunt. The home as it sits is valued at 92k on the low end and 145k on the high end, I would rent it out for at least 1k per month as currently it is rented for 700/ month with my grandfathers stuff taking up one room. 

  If anyone could help me make a plan and/or put get it moving I would greatly appreciate it.