Need assistance on investment loan

[Joshua Esparza]

I recently spent months trying to find the right investment property. I came across a property I found would work financially for only $28,000. I talked to the lender and they only offer loans at a minimum of $30,000, meaning after the downpayment the loan would only be around $20,000 which was not fundable. The lender also mentioned a renovation loan to me but I did not feel like this would be a good buy. This property made sense to me as a buy and hold. 

Does anyone have any suggestions or encountered this problem? Also, how about having success with renovation loans for a flip property?

Thanks for the help!