Another possibility could be a home equity line of credit (HELOC), if you have sufficient equity in another propertyGood luck with your project!

To say this community has no value is quite a negative judgment to make without sufficient information to make it. 

If you had good credit (670-730 range), you have 20% to make a down payment, and sufficient income to qualify for the home you want to purchase - Would you choose the FIRST-TIME HOME BUYER or CONVENTIONAL purchase option...which would you pick and WHY?

@Frank Mongiello is a great choice for a real estate agent who works with real estate investors in South Florida and Central Florida

The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.

It could indicate they lack sufficient knowledge or experience in professional property management, which may lead to costly issues for you down the line.

Is it a good choice for investment?  

Refrigerators aren’t typically expected in Texas single-family rentals, and it may be the same in Georgia.For other appliances, buying new is usually the better choice.

It's really your choice if you want to select a home that has already been leased prior to closing or not. 

AND, your son will be at the mercy of the SELLER and dependent on the SELLER's good choices for the life of the loan.