So I'm looking to start my REI in the flix and flip market to build up the funds to help purchase rental properties. 

@Jackson Pontsler yes plus professional advice concerning partnerships to help fund deals.

You will need to do a 506(c) if you wish to advertise and that is accredited onlyYou can do a 506(b) which allows non accredited but sophisticated but you cannot advertisePublishing info requesting people to fund a deal is not recommended since it violated sec regulations (note I am not an attorney)

He declined unless we wanted a steep discount and then gifted them so funds back to save them taxes.  

You lose your job, your wife loses her job, the city you invest in gets crushed, the banks you deal with start tightening the reigns, your contractors go under, your funding dries up, etc.

Investing is an advanced strategy for those that already have knowledge and funding or funding ability which means some cash and great credit.

Here are the numbersAvailable funds : $15,000 Asking Price : $59,900Zestimate: 112,421Rental Income: $1,500/month (3 1-bedroom units)Taxes approximately $200/monthOwner pays water

I have enough funds to cover vacancy, so I am not too worried.As far as it being in the hood... 

A 203k is a type of FHA loan with purchase and repair funds, but for owner occupants.If you don’t own a home, I think your best option is to buy an REO where your owner occupant status gives you a buying advantage.  

I recently funded my SDIRA and I plan to make my first rental investment ever inside of it.