First Home Purchase - Fixer Upper (How to fund?)

[Kevin Theis]

I am new to real estate and currently looking to purchase a home (personal residence) that needs some renovations. I will be looking to purchase additional rental homes soon so I'm trying to conserve my funds. My original thoughts were that I could get a 203k rehab loan and bundle the rehab costs in with the mortgage. However, it's starting to look like the home can't currently already be in livable condition. A) Is this accurate? and B) Does anyone have any suggestions how I can finance the purchase and renovation costs? Any help at all is appreciated.