@Sophanara Khoeun you mention that you have no time as you have a 9-5 job - so, do 99% of investors!

I have one property in an area going down hill and this is common. 

Working horrible job, living horrible, no golden streets of opportunity found.

I have arranged for Servpro to take a look at the property in person to give me a quote for this job.

You're netting $5k/mo and have no cash available and you're working a civil engineering job?

Additionally, I have $100,000 in cash in the bank, and my monthly expenses for my home and family are around $3,500.My wife earns between $100,000 and $120,000 from her W2 job, while I've recently lost my job but found a new one that pays $65,000 a year.

Some can charge less on a job and some charge more on a job. 

Hard money would be the easiest and most common route to fund the purchase/rehab.

Just make sure you do a diligent job when vetting tenants.

President Trump’s nominee for Treasury Secretary, Scott Bessent, testified that extending the ‘Tax Cuts and Jobs Act’ of 2017 is essential to avoiding economic catastrophe.