You can pay for it with an FHA loan or a standard loan.

Just wanted to share some insight regarding foreign national loans and mortgages for international investors without a FICO or US credit score asI've had a a recent uptick in international buyer activity and interest.  

Loan Paydown/Equity Growth - Grow equity for "free!"

I have a separate, steady full-time job that would allow me to take on the negative cash flow every month.Note: The home is already 100% furnished, so there is no need to buy furniture.Appreciation and Loan Pay-Down:I would offer $550k as the purchase price.

Having a standard W2 job will allow you to get loans easier if you want to start buying investment properties. 

where are you getting a loan with only 5% down?

Hard Money and DSCR loans for a BRRR project in a medium sized city in Texas

You can acquire one with as little as 5% down now with a Fannie Mae conventional loan ( and maybe even add in dollars to update).

Repair costs & credits aside, 203K is a more costly loan that will cut into your equity. 

Commercial loans and insurance anyway.