Creative strategy in today’s market

[Coua Lee]

With today’s challenging market and a newbie in real estate investing, I wanted to start my search initially finding a single unit where I can rent out rooms or find a multi family however I’ve often come across good deals in good locations that are overly price. There one house that’s going for $299,000 but probably needs 80-100k work, I guess you can say it’s a gut job but it’s 5 mins from a prestige university and in an extremely appreciating neighborhood. Houses in the same area are going between 400-500k. Would you consider a deal like this or bring in a partner to put the down payment in? Let me know what kind of strategy I should explore in this kind of crazy market.  

Thanks!