got my 1st home under contract

[Dante Foreman]

I have my first home under contract I am approved with a HML. The is my first deal so the terms are kind of expensive I was wondering if it be better to just buy the property out right and find a lender who does HELOC or get some kind of reno loan to fix up the property to get it move in ready. The property price is very low (8,000) just need a full remodel estimated from a contractor at 35k. My credit is not good at all hence why I went the HML route in the first place,and they approved my LLC once I added my friend to my LLC they just went by her credit score which I am grateful for them giving them im just seeking for more advice or another chance