Buying a rehab foreclosure under $50,000? Financing Options?

[Justin Moon]

I have a question to ask you folks. I am in the process of putting in an offer for a foreclosured property to rent out, but I am running into issues on the financing side.

On this property, I am planning on putting an offer in of less than $50,000, and the repairs will be around $25,000. I just spoke to my lender, and they informed me they would be unable to underwrite this loan.

Apart from hard money or an all cash purchase, what options do I have?