If the property is in a high-demand metropolitan city, you could maybe get it sold at 80% ARV - repairs, but I wouldn't aim for the best-case scenario.Good luck! 

If I want to dabble I will go into an office REIT: high liquidity, low entry cost.But let's look at multifamily, for instance.  

I'm in Miami FL right now for 45 days for business development and they allow for densities as high as 1000 units per acre. in Columbus it might be 50 units per acre. density always wins and drives down land cost. keep land under 10% of asset value upon completion. those are my best tips to get started 

If you have an interest I would highly recommend looking for brokerages specifically in the investment space.

Love it, except those things can be clunky and high maintenance to keep operational. 

You can be mortgaged to 85% with Freddie Mac if its a single family house with the cash out refi although if you go that high there will be private mortgage insurance to pay for , either monthly or in a lump sum payment at closing. 

Zillow estimates $833k price but that’s a bit high.

I would then put some into a syndication, but I would also highly consider putting some of that money into an S&P 500 index fund and just letting it grow.

There have always been cheaper options for buying/selling using rebate agents or flat fee services but they never took off as a good full time agent paid well enough to be highly focused on your deals has value. 80/20 rule. 

I was a little taken by how high it was but the broker explained that it is always going to hover higher that the traditional which is around 7.5 FHA is around mid 6 right now