How to get financing when I don't have enough income

[Khalilah Craddock]

My sister and I are trying to get into real estate investment. My sister was going to put the loan in her name and we were putting in both our money for the downpmt and closing cost. However she could not qualify for a loan over $100k due to her income and the bank would not give out loans less than $100k. 

We found a single family home we wanted to purchase for $60k, as traditional or short-term rental property, since it's less than $100k we could not get the mortgage. Should we try to get a hard money loan? What are our options?