purchase a property or mortgage

i am starting a daycare business. i have found the perfect house. it sells for 55k. the repairs are between 10-15k. i’m trying to get a loan and was contemplating on making an offer to buy it outright. the problem is i have so many other startup cost to consider that that may not be a wise deal. i thought maybe to pay a large down payment thus lowering the notes for a shorter mortgage.

as re investors i’m seeking the best advice

You should get a mortgage because it is a way of using OPM.(other people’s money)

Getting a mortgage is usually cheap money.

Use your money for your start up costs.