Need help with possible lease option for first rental propery

[James Bradford]

Hi everyone,

I have been looking and learning on the forum for about 5 months now and came across what seems to me like a pretty good start to my real estate business. I currently live with my parents in Illinois but am looking to relocate to Orlando. I have pretty much zero credit and have been working to save enough for at least a down payment. I think this would be an ideal situation if I could get into this condo (with my business partner) under a lease option contract. Which would ideally give me the time to raise the capital or find an appropriate way to buy the property and rent it out to students near UCF campus in the near future. Here is the listing.

http://www.zillow.com/homedetails/3533-Aristotle-Ave-Orlando-FL-32826/2122808717_zpid/

also it says it needs a little fixing, but I am pretty handy and will be going to visit Orlando at the end of this month so I could possibly check it out and better assess what problems are there that need to be fixed.

Thanks in advance for the advice!

James (Jai)