Advice on financing our first investment property

[Todd Weston]

Hello all. We are ready to make an offer on our first property. Our confusion is with finance options. HM vs conventional. It's a single parcel with two single family homes. A 3/1.5 and a 2/1.  Viewed them today. The 3/1.5 is move in ready. The 2/1 needs a reno. Ask is only $45k(not a typo:) ) Just got preapproved with Chase but they want $5900 is closing costs and fees. Is this normal? Seem ridiculous on 45k

Thanks, Todd