One way to save some money, especially if you are local is to split the job. 

Local florist closed their shop after they tried for a year to sell their business.  

Term 12 years so that payment is just about the same as local renting market pricing.

Is there anyone in your local market you could take out to lunch who does flips?

Quote from @Samuel Coronado: Quote from @Jordan Moorhead: You can use local banks and there are national lenders.

Also looking to connect with local investors throughout the Lehigh Valley to learn, share our experiences, and partner up.

You might also consider private money loans, local lenders and so forth.

But I would rather rent it out so it could be our first/foundational rental property and we can continue to grow our portfolio.We've been looking to rent for a while now but with the local rent pricing it is just as expensive/affordable to purchase your own condo than to rent.

Are you investing in your local market?

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.