After you get that first one, I would start looking for BRRRR strategy, and if you have time to market direct to seller you can try to negociate seller financing and sub to deals. 

I'm currently in the saving phase right now.

I'm currently looking for guidance on the next step of my real estate journey.

It is illegal (see below article). 

So, I don't think they would be able to stay.There is currently no loan on the property. 

Understand what you are investing in....is it a secured loan, unsecured loan, membership interest in an entity that deploys capital like a feeder fund or direct membership interest in an entity that is the deed holder? 

Or get work done with a good GC and pick off some subs you meet to do work direct for you.

I saw the building has tenant and even upstairs which is direct to roof this one I got in first floor.

I'd say you are overestimating maintenance - though that depends on the state of the property.3. 5% vacancy might be low.

Needs new everything floors, kitchen, bathroom, paint, roof, landscaping and also has termites and a tentant that's not currently paying rent, for a 1000 sqft property they want 160,000 for it, but my comps say for a rehabed house in similar sqft property in that zip code would sell at 220,000k and I would say it needs atleast 65,000 to 75,000k in repairs so my offer price was at 100,000 to 110,000 and the buyer will not entertain my offerI would like to offer more but if there are any surprises I'd like to be prepared for those cost during the rehab process.