There's also quite a bit of value add potential because this is a commercial deal and decreasing utility expenses (while also raising rents to market rate, which they currently aren't) would directly drive up value.

I want to put in an offer for a property, it listed on MLS for 120k, want to put in an offer for 70k but my agents said I would need the fund in my bank first.

They had held up my release of funds for over a week after signing while they waited for the invoice and then paid it and closed out my account the day they received it. 

Do you have any tips for who to contact for lending, or creative funding?

Are there areas where you could cut your expenses or raise your income?

I'm from Bettendorf and have really enjoyed raising our family in Iowa.  

Do you have funds to cover repairs and turnover... 

Has your rehab raised its possible sale price by a LOT more than what you put into it? 

@Vanessa B. while this can certainly be done, I do not recommend development projects for a newbie.Too much risk and hard to get funding.

One idea would be for me to contribute 20% of the funds plus everything mentioned prior while he provides 80% but we split the profits 50/50 what are your thoughts and/or experiences?