There are larger options but these tend to need some TLC.For your initial search, Zillow can give you an idea of home prices and amenities in your price range.

That would seem like a better option, assuming you have the cash for the down payment.

For most lenders it typically requires having at least 1-2 builds previously completed, but I'm sure there are other options if it happens to be your first.

Also find out what rights you have to terminate the lease as that may be the best option. 

Depending on your deal, there may be better options than hard money to get things started. 

If you can get your loan amount up to $75k and value $100k+ you should have additional options.

@Shana Taylor, you should 100% consider/explore house hacking before investing out of state.

Monitor metrics like click-through rates, engagement, and conversions, and A/B test different ad copies, images, and targeting options to optimize performance.Ensure your ad links to a landing page with a clear call-to-action where sellers can easily contact you.

Few years later I heard the guy he partnered with had been brought up on fraud charges or something.Anyway, the sales guy for the ACTS keeps calling me and trying to get $1000 out of me for a lease option program.

This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.