Would a 203k loan work in this situation or do I have to apply for a personal loan? 

Some times you have this one person needs it and they sign a lease and the property is filled.

The point is a single person can hold more than one idea. 

How many houses have you seen in person?

@Lee Singleton,I want to kick this off by saying that I've personally followed Perch Wealth's newsletters for at least the past two years. 

That seems a gross oversimplification that can result in bad returns.I've personally invested in some low cost markets that gave me great cash flow and above average appreciation. 

I have tried to have the person who gave the course to explain better but I just keep getting eye rolls.. it's enough to say ok, I give up

In my case, at the end of their lease when I wanted to show the property to prospective long term tenants, the tenant gave me all kinds of grief about 'invading her privacy' and 'disrupting her life' even though I told her at the beginning of the lease that this was our procedure and I made every attempt to 1) give 48 hr lead times, when typically I would only give 24, and 2) blocked/scheduled showings for 1 day per week and 1 weekend day away from dinner time/church times, etc. maybe this was just the person I was dealing with though...- vet the tenant exactly as you would for a normal tenant.

Find one that suits your personality and your cash on hand ready to invest.

You can find many great in person learning events through BP as well.