Alternatives options to buying property

[Cesar M.]

Looking for some low cost options to purchasing a property. My dad is currently wanting to sell one of his rental properties and is giving me first dibs. It's a SFH that's already rented out to some very reliable tenants. No major issues with the house. Seems like a great first property to start my real estate venture. Issue is that I'll need to use ALL my savings to buy it with a conventional loan and that's if I only put down 15%. So is there any other options to consider that won't completely drain my bank account?

A little info on the property...  It's in a suburb of Houston, TX.  Purchase price would be 120k. It's currently renting out for 1420.

Any advice is much appreciated!