How should i handle this deal?

[Johnny Brown]

Okay so I found a private seller for a home. It's a single family home 3 bed 1 bath with car garage. They seller wants $70,000 for the home. I was thinking what would be the best thing for this. I was thinking maybe to do a lease option since i only can cover about 7k at the most. And say a 5 year option. Then rent to own it out on a 3 year option with the selling price at 100k. (I got that idea from bp) But i need to do some homework on the home first? How would i find out this information? Only thing i do see is the home was just sold this month. for a 102k so i am thinking it might also be some type of red flag. I just really need to know what is the next best move. I am a newbie but I move and learn quick.