Buy the house and loan her the money. 

@Kisaki Nicole Kaopua as the previous comment had mentioned, I would take out a hard money loan as well.

Quote from @Victor Patel: I recently invested $60K with a local hard money lender who has been established in the area for decades.

But the other options are Hard Money Lender, second on a house, personal line of credit, private money from an investor, or PM from a family/friend.

I'm excited to get started and have my money work for me  Hey Rowdy!

I guess I am not sure what your goal is, but I guess funding capital improvements is one way to get involved in CRE, but like Don noted, if you don't understand the concepts of investing nor the specific risks of any of those options, then you are not investing, you are gambling at best, and throwing money and time away at worst.I.e. a quick search of Cincinnati for industrial properties under $300k, and I have about a dozen. 

I have extracted a lot of money that has allowed me to scale. 

I guess if you need money that bad. 

There’s not really a lot of value add opportunity or sales comps in this space for our area.I typically (BRRRR) purchase fixer uppers with cash, fix up, rent, then refinance on a DSCR and get all of my money back.

I suggest you get a hard money loan on the free and clear rental.