I was wondering if this is as good as a deal as Im seeing it as and how exacly I can get a loan for 320k+ to fix couple things, without any money down since I am fairly young (20) years old.

Jay is mostly correct, but I just have a couple of minor edits.1.

Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

After operating a couple business' in Augusta he found his way to Atlanta, GA for a few years and then found his way back to Knoxville in 2000 to help open and manage a boating dealership.

Our initial plan is to flip a couple of houses for proof of concept and then try to work in a mix of flips and BRRR's .  

If it's mostly younger couples who either have kids or will have kids, then deleading is a must.

Since you already have a deal in mind, I would recommend you attend the Deal or No deal meeting this month put on by the real estate investors group, CARREIA.

There was a completely renovated duplex near there aa couple months back that sat on the market for quite awhile.

While the license itself can only be a couple hundred dollars (I could show you how to get licensed in NY for $190) , the dues for the local REALTOR® board can run from 1K to 2K a year.

I am looking at purchasing my first home and turning it into a rental after a couple of years.