How to Finance This Deal

[Jason Measures]

Hey guys! I'm working on my first deal and am in an unorthodox situation, at least compared to the traditional strategies I've studied. Here are the numbers:

Purchase Price: $5k

Rehab/Closing/Misc: $30k

ARV: $75k

My long-term strategy is to build my portfolio of buy and hold rental properties, therefore I would like to do that with this one, considering it'll cash flow around $450/month after PITI, vacancy, maintenance, etc. The issue therein lies with lenders not willing to help because of the imbalance ratio between the lower purchase price and high rehab costs. We are closing on 1/31/14 so the clock is ticking. Any advice or insight into the best strategy for me would be excellent. I thank all of you in advance.