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No experience, but maybe you could partner with someone(s) who can help finance and/or rennovate?
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That was my initial thought. Details, of course, would help here. Will his be a flip or something you will buy and hold? A partner will obviously eat away at some of your profit, but they will bring money to the table, minimize some of the risk, and hopefully bring some knowledge and experience with them. It's probably best to go about it yourself, but if you're a beginner at this, it may not be a bad idea to partner with someone more experienced and take a little less profit.
Btw, no experience here either.