From what I've learned it seems that a HELOC is probably the easiest way to gain funding but at the same time it comes with risks if the flip isn't successful. 

If you buy in a prime location with desirable amenities, you’re setting yourself up for steady income and long-term growth.

Any other expenses are using up funds that would otherwise be sitting in your checking account to make a mortgage payment with.

@Collin Luckett  Just adding, if you have the ability to fund with your HELOC, it would be far cheaper than PML or Hard money. 

In my take, I'd buy Pine (which is 5/2 2700sq ft) than Byrd (3/2 1832sq ft)- But the price differences may be due to desirability of neighbourhoods (someone takes about crime in Niagara NY)Also, 353 Buffalo Ave, Niagara Falls NY 14303 (5/4,5 3255sq ft) is selling as an AirBnB for $749,900 on Rabbu> Ann rev @ $63,755 and gross yield at 8.5%.

Labor, supply chain (we are on an island) and red tape: from offers and closing, to funding to permits.  

Focus on areas with strong rental demand, like Broad Ripple, Fountain Square, or near universities like Butler and IUPUI.Maintenance Costs: Indiana weather can be tough on properties, so budget for seasonal maintenance like snow removal and HVAC servicing.Additional AdviceKeep an Emergency Fund: Unexpected repairs or vacancies can arise, so having 3-6 months of expenses saved will help you weather any surprises.Build a Reliable Team: I have lists of contractors, handymen, cleaners and property managers if you'd like me to send.Good luck with your property and future expansion!

We all invest in real estate in order to make money, and keep in mind that someone who can only afford to live in a mobile home and seller-finance to buy the land is probably tight on funds. 

You have numerous funding options so pick your poison.

I don’t completely understand how I could best put my money towards a rental property or fund one with the income that I am making.