Oatsie's Long Island NY Journal

I have been very quite on this site taking in all that I can and researching as much as possible. Reading Deans books. But I have a pretty good RE Agent who keeps brining me deals, we will just say I have not taken action yet. I am still reading books taking in as much as possible. But he has forwarded me one that I dont think I can pass up and we are trying to do as much analysis on it now. This would be a buy and hold exit strategy=rental, Two family home (duplex), forecloure, bank put in new burner, nice neighborhood/street, needs approx 40,000 in work bank asking 151,000 total view estimate 266,500 zillow 306,000 comps 220,000 to 290,000, Rental income 1200-1500 each unit. Dont have a lot of money to put down so looking at Hard money then a refi but been reading a lot of these forums and seems that it is very difficult to get that done, I have been contacting Hard Money lenders to see if we can get a good fit but nothing yet and did research a traditional mortgage but that needs approx 30-40% down. Am i on the right track, any suggestions encouragement would be appreicaed. Also have a neighbor that wants to sell his house due to health issues and will be talking to him in the coming days not sure at all how to work that one yet. Right now we are trying to buy and hold/rent. I guess I could also buy/assign that one but need details first. Thanks.