The full deal really has very little money into it. (20k) and should cashflow 2200mth with the current tenants.

The years of buying cashflow with zero money are also over.

You are in way over your head if you haven't figured out any way to accept money other than from a money order in the mail.

Facebook groups will help a lot  in your area and try to meet up with a  connection you build.. dinner etc on you and he  or she can give awesome advice which will save time money efforts

If this is the case does that mean I would need to get hard money loans?

Now it closer to $500 plus they steal a large fee from my guests and force me to use their 3% fees to get my money.

That will limit the amount of time the property could be off the market IF the buyer doesn't like the inspection.Lastly, get a satisfactory amount of earnest money deposit on that contract.

That way,  you could legally use the money in the account to purchase investments such as real estate, etc.

Put as little money in as you can to buy it, but if you are buying in a location where you expect prices to drop 20%...why would you buy there? 

If you're serious & confident you can lease your properties up in time, you may want to consider putting significant rent money and EMD up front.Feel free to shoot me a pm or give me a buzz at contact info in bio - always down for a chat!