I’ve been in the game for over 20 years, mostly focusing on multi-family deals, and I’d be happy to brainstorm or share some of my experience if you ever want to chat.

Or keep it as a rental and hold for that sweet ever growing appreciation. 

Along my journey to understand how to acquire my first property, I have encountered people that swear it’s possible to use other people’s money (for down payment, closing cost, rehabs etc) but on the other hand I have investors of 20,30,40+ years who think I am absolutely nuts for even thinking it’s real & make it very clear that I am an idiot for ever believing such a thing and will 100% need to come up with my own funds.

I'm not new to purchasing properties, but this will only be the second property I've ever purchased and the first in this new area.

which is fine Iv done plenty of cash deals but always using my own money I haven’t ever borrowed someone’s money or had a hard money lender typically on deals that wore 100k-250k Iv also used conventional financing before for flips and so on But recently every house worth looking at in my area is around 400k-550k for a fixer upper.

My instinct says it's not the best idea, because none of the gurus talk about it Ever.

I never ever count on ARV.  

Anybody ever had to deal with this?

Should you ever have any questions feel free to reach out I enjoy talking REI and heping bigger pockets members with tips and loopholes!

None really .Just made sure I chose the right upgrades if I ever want to sell it in future.