Refinance/Purchase Rental Property - First Deal

[Kaylee Higginbotham]

I have the opportunity to purchase a property in Georgia for $125,000 through a personal friend. The property needs some TLC and I plan to rent it out. I believe after I do the needed repairs/upgrades it will appraise between $185-$195. I would love to find away to purchase the property with the least amount of cash invested. I  have to opportunity to wait until the upgrades are completed  to close on the home and still purchase at $125,000. Is there a way to complete the upgrades in then close on the home and use the equity in the home to not need $$$ at the closing table? If you have any other suggestions I am open to listen! Thanks in advance :)