First deal under contract.. HELP!!!!

[Tony Stephenson]

Hello BP,

GO HEELS!!!! For all of my UNC Tarheel fans #1 seed babyyyyyyyy!!!

Okay down to business. 

I have my first property under contract for 54k and its a duplex but needs to be rehabbed to meet market rent comps in the area. 

Comps show both sides can rent for 1000k a month rehabbed. 

Im torn between wholesaling it or holding it and doing the rehab.

Im fresh from reading @Brandon Turners book on investing with little to no money down so my brain is really going 100 miles per hour right now thinking of all the ways to do this deal. 

I know a local bank that will lend on 100% of the purchase price since its in a certain area but then that leaves me to do the rehab out of my own pocket so if anyone could think of some creative ways for me to get the funding for the rehab and be able to hold it for 2000k a month I would greatly appreciate it. 

[Account Closed]

@Tony Stephenson  I am a veteran and yes, we are all pretty handy.  I don't like the home warranty thing myself.  I have 7 rentals and the difference between me doing the work and a contractor is striking.  I over engineer everything and do it right for the long haul.  Contractors are just trying to get through the job and get paid.  I will offer you this advice.  I have 3 colors I use in every house.  1 color for rooms, 1 for the bathrooms and 1 for the rest of the house.  I do not use anything else.  When we have to repaint due to a move out, it is quick and easy since it already cut in.  use the same tile in every kitchen.  Use the same tile in every bath.  Make sure it is porcelain.  It will last forever.   Standardize now will save you time in the future.  Have the HVAC serviced twice a year.  Every year.  No exceptions.