HELP...Need some advice from you guys.. =)

[Fernando Asencio]

Hello all..  2 questions..

Property is in the good section of newark

1. I have 70k in my savings.. Cant get bank loan because credit cards are too high..(ive been paying myself first and credit cards last like Robert kiyosaki says lol)... With banks I get to the end..pay for appraisal of property and everything all to get rejected at the end. =( cant get personal loan, hard money is too much intrest and peer to peer relies on good credit as well. So I just have 70k in my savings.. Seller wants to sell a single famly house.. for 70k, good area with tenant already as well. Imagine my luck smh. Rental income is 1,150. Tenant pays on time..cash flow would be around $900 monthly after expenses.CAP is about 15%. As you may know I am a newbie..and would like and appreciate some feedback from you all. You guys are great!

2. Should I let this deal go..and pay off my credit card and try to get a loan next time..or should I just go balls out and pay cash for this turnkey property who has a great tenant with a 15% cap

Any advice would be appreciated. House is 4 bedrooms  1 1/5 bath and everything is up to date..

thank you all