Just Preparing for Start-Up

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Hello

I am graduating from Central Michigan University on Thursday with a BAA in Entrepreneurship and minor in Marketing. I have 3 job interviews set up for Monday and 2 appear to be very promising. Assuming I land a job in the 40-50k/year range, I want to begin investing near the end of 2007. So...hypothetically...

If I found a house that was say 60% LTV and needed some repairs....

Would a lender give me a loan for the purchase price as well as a loan to cover the repair costs? Also I see many "guru's" recommending to set up a "team" that includes title co., lawyer, CPA, etc... Is this necessary for my first rehab/retail?

Note: My credit is excellent. I have had a credit card since I was 14 and have always paid the balance in full on time. I do have student loans to the tune of 15k. I would expect my score to be around 700....