The other option is as @Diana Muresan brought up using the 203k loan if there's significant rehab needed.  

Get inside the mind of your audience and learn what keywords they are searching,7.

@Lee CastroYou could have $0 in a flip if you had a partner who brought all the money.

I think the original build had zero cabs, like the the other unit.During - walled-up the hole, brought the electric to code.After.

And who knows, if the first property turns out good I could probably get another one.Denver:Then he also brought up “why not buy a place in Denver, I could probably get you approved for 350K with a 3% down payment”.

Once you decide that, you will reflect it in your marketing, and it will "pre-frame" your audience and set their expectations about how to think of you before they ever pick up the phone.  

This property actually looks like it would do pretty well if you just rehabbed it and brought up the rents. 

I was able to get a viewing and put the offer in through a realtor, but I brought the opportunity to him.

I was able to get a viewing and put the offer in through a realtor, but I brought the opportunity to him.

Me and my wife just brought a house, for a decent price not the best because it doesn't have equity in it ( A concept I just now learned).