am new to this and need help....

I just found online a property w/c has been for sale for about 460 days built in 1977, for 62k. How do I start? It says buy as is but apparently it needs major repairs. The location is nice but the property seems to be really inhabitable. I have been reading my 1st book PFREN and most posts and blogs here everyday. I need help, don't have money to start but have been excited to do this REI. Thanks in advance for the help.

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