Hindsight tells me we should have financed this deal and saved the cash!

I am currently saving up money to partner on a deal with a friend.

Personally I enjoy the Oregon Coast which is why I don't mind coming up here to do the renovations plus I get to save $10k by doing it mostly myself.

Would it be smart to take over the property,do all the minor repairs myself to make it liveable for a tenant and get the ball rolling on rent and save up capex to do bigger repairs later? 

setting this as a goal will give you lots of specific action items to do:-save up for down payment, closing costs, and reserves-talk to agents-talk to lenders-look at propertieshttps://www.biggerpockets.com/real-estate-investing/house-ha...

I was ablet to use a better product, which Home Depot was able to cut to size for me at no extra cost, and installed them all myself (easily and only took about 2 hours), and saves thousands of dollars.

My plan was to gradually raise rents to market rate over a two-year period, which would generate a cash flow of $200 in two years with a 7 percent interest rate.The seller is firm on the purchase price and has cash offers as backups if our agreement falls through, but we are currently under contract.Pls let me any additional info needed, as this is my first post. 

@Alex S. thanks a lot for your comment and info! 

Yes you can save money and do some of the projects yourself with some of the smaller stuff.

.: @Joe Pirapakaranlenders have a maximum LTV they can give you, and almost no one does 80% right now - it's 70-75%the higher the loan amount, the higher the monthly paymentthe lender doesn't care how much you owe - you could owe $20K or $200K - if they do 70% LTV, you'll get $140K Hi NickThank you for the info !