Found an awesome deal now I need money??

[Mastin Grove]

I found a deal right around the corner from me. The house has just been listed 4 days ago. Now I need to find the best way to fund it. I'm considering two options. 1. Fix and Flip. I can do most of the work myself and that will save on repair costs. 2. Fix and Rent out. Possibly refinance for longer term. The house is 1,800 square feet, 3 bedroom 2 bath on 2 acres. Its a very nice brick home in an established neighborhood. It just needs a little updating. List Price is $87,000. It needs about 35,000 for repair costs. The average similar homes in the neighborhood sold for $230,000-$250,00. Very good profit margins.