Hello , just like most things cash is king.I find that a great deal of homes for investment purposes need a great deal of repair, and the price will reflect that.depending on your area in which you want to invest in you could buy a house for as little as $1,000 to $4,000 and fix it up for $2,500-$5,000 if you have good handyman skills and are willing to learn new skills ,I say this because this is what I did.

My credit is not good but I was able to get a rehab for $1,000 fix it up for $2,500 ,and I currently have a renter in it as we speak.I did do 95% of the work so that saved a ton of expense,craigs list has been a huge resource for inexpensive building materials, lowes and home depot always have clearance items for cheap , so my advice is to save some money (tax return money could really help get you started) talk to a lot of people who are motivated to sell, have patience and you could get your first investment property before you know it, and while your doing all of this, work on getting your credit in good standing .