Funding my first rehab project.

[Matt Merkel]

hey there BP community! 

I am new to real estate investing and my true passion would be rehabbing to flip and rehab buy and hold. I love the aspect of distressed properties  of working some magic to make a home go from ugly and inhabitable, to a place where a family would want to live. 

So my question is, if I got say around 5k of my own money to work with. The property is up for sale for 47k ($20 square ft) 3 bd 1.5 ba and the value of the properties around this one are worth 110k-120k where could I get a loan other than an FHA 203k/streamlined to buy and rehab this property? Or would the FHA 203k be the best route? I have no access to investors yet as I am just strating out.

My intentions with this property is to be my primary residence and have my brother living with me to split the cost of monthly payments until I find a new property or I may just live in this one for a while.  

I hopersonally this is good enough information and thank you for your thoughts and guidance!