Using hard money to get into the game. Thoughts?

[Steve Edwards]

I am new to this, but i have a hypothetical id like opinions on. It is feasible to use hard money to fully finance a cheap rental property (maybe 50k), then take a full mortgage out on that prop (50k) to use as the foundation for paying back the lender (lets say putting 35k aside and six months of savings or rent to pay back the lender on time) while using a portion to put as a downpayment (lets say 15k) for a similar property.

What are the considerations one should reflect upon in a case like this? I know its probably preferrable to use savings as a down payment but lets assume someone didnt want wait a few years to put away 30k or whatever. 

And in a case like this, perhaps flipping would be best but i feel like that requires precision as far as market and contracting is concerned.

Thoughts and advice would be much appreciated!

Thanks!