I did a lot of research on options.

Only time they really get bought is buy a novice who thinks they can turn them into something, only for them to later find out that it's cost prohibitive.

Quote from @Sandra Regnell: I bought a property from Memphis Invest investments in fall of 2023.

HELOCs are definitely a good option for financing BRRRRs.

I'm an investor and mortgage broker and have options for loans that go as low as $75,000 and down payments as low as 15%, which makes it easier to stay above $75,000.

Purchase price: $150,000 Cash invested: $90,000 Bought as a forclosure gut job.

You don't have to spend a fortune and buy a house directly on the beach to do well, but your starting price point for a viable option in this market is around $350-$450k for a solid 2-3 bedroom oceanfront condo or around $500k for a 3-4 bedroom house within walking distance of the beach. 

Previous owner bought it for $71k in 2022 (OOS LLC), asking $89k, ARV $135-150k.

Any other options you guys may suggest if you've been in a similar situation I'd love to hear it ?  

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.