Noob needs advice on apparent good opportunity
My wife and I are brand new to RE investing and have yet to make our first deal. I've been reading books and blogs, watching videos, and listening to podcasts like crazy for two months now, but still in infancy. We just found what we think is a very good opportunity for either a flip or BRRRR, but we still don't have our financing in place. I'm thinking there must be a way for us to move on this, but I don't know what to do. I'm frustrated with lack of knowledge but don't want to rush into a costly mistake. I'm sure this would be an easy thing for those who know what they're doing, so I'm asking for suggestions on how we might (or not) go after this deal.
The house is a 3/2 on a 1/2 acre corner lot in a great location in a hot market. It's definitely a fixer listed at $449k (just reduced $26k) and all the homes around it are $588k-$768k. My rough estimate of rehab costs is around $50-60k, based only on the listing photos.