If the condition is just too bad for this, and rules & regulations prevent this, consider #2.2) Seller Finance with a reasonable down payment and carry the note for the difference. 

THUS, as long as you maintain a decent income/debt ratio, and keep your income properties at a break even level or better (after debt service) you can borrow on up to 10 investment properties on your personal credit before you need to get creative with financing. 

What kind of renturn or cash flow should I expect when using 100% financingWhat kind of return or cash flow should I expect when using 100% financing?

Purchase price: $65,000 Cash invested: $65,000 Sale price: $70,000 owner financed for 20 years cash flow $411 What made you interested in investing in this type of deal?

You could also consider buying a condo or looking for seller financing options.

How did you finance this deal?

I'm thinking about using hard money to get the property then using conventional financing once I have the property. 10% 2 points for a few months. what do you think?

In the little spare time that I have, I've become fascinated in educating myself on the topics of personal finance and real estate investing.

How did you finance this deal?

In the little spare time that I have, I've become fascinated in educating myself on the topics of personal finance and real estate investing.