Or, as Travis mentioned, sell your primary residence and explore house hacking opportunities, which will allow you to snowball income savings to deploy into the next deal. 

Or find a deal first then market it to buyers, then offer on the house and create an agreement with the seller & buyer?

For example in Reno, NV there are many homes with walkout basement areas that can be made into separate studio apartments that will get more rent than just the room in the house.

I checked out that house.

A close friend of the family ,who was married, and had a house together got divorced and in between that time, she did a QC and removed her name from the deed.

You would need to submit a material list to a local supply house, usually they require you to open an account and they ask for a TIN for a line of credit.

Assume break even cash flow while rented which includes a generous $600/mo repair fund. 

This is a fine example of where to research out of state investments as the housing prices to purchase are still reasonable and low (not like California where I am and entry level house SFR is a million dollars). 

I don’t intend to occupy the house as a primary residence but purchase the property as an investment property. 

Congrats on your first house-hacked rental.