Do you build production homes?

But its seems like these products are imaginary programs that people have heard of but nobody has actually done one.

Based on your signature, it looks like you offer a product to estimate rehab costs?  

Sometimes a buyer may learn of a 'one-of-a-kind' financing product that may vanish any time soon and have a strong motivation to buy due to the product availability or purchase feasibility it creates.Motivation (either on the sell or buy side) can be personal or driven by any array of external factors.

TenantCloud is free, but if you decided to use any of the service providers products then you can buy in TenantCloud, which only makes life even more convenient.”

The have some inexpensive products on the market like Hydrabarrier (can find on Amazon) and Quick Damn at Homedepot if your property only has a few potential exposures to a mild flood. 

These are called non-agency products, rates are higher than conventional but lower than hard money plus no pre-pay penalty

Put money away in savings and you can buy new products when they break too bad to fix

None have a loan product to fit the scenario... 

Other options include: a) to finance the property at purchase through a conventional lender (i.e. bank, credit union) using a variable-rate product (less of a penalty when you refinance) and then re-finance the property following renovations.