Clearly you’ve never renovated an abandoned house before breh
I have four rentals and the last one I didn’t even spend 12k renovating. Look for homes with minimal work needed of course and stay away from foundational issues, roofing issues and many window replacements because that costs more than anything else. Plumbing and electrical I can get done for dirt cheap and everything else is walls and floors. I can hit a local habit for humanity store here and get lightly used kitchen cabinets, stove and fridge for under $400-600 depending on what’s available.
I’ve been doing this since 2017 and let me tell you this is the easiest lick since PPP.