can i close fast with out involving the Banks?

[Kevin Velarde]

Purchase Price: 170,000

After repair Value:260,000

repair cost: 10,000

rental income: Front unit 3b 2b = $1400 back unit (studio) $500 = $1900 

The seller owes $75000 in taxes is 85 years old and her children are a demon spawn. She wants to sell me the house as fast as possible but does not want the banks to get involved. I am a little bit of a traditionalist and have always used a bank, %20 down and a 30 yr mortgage. Is this what hard money is for?? Can i use a hard money lender for the $170000 to fund the purchase price? Send her happy on her way to Needles. Meanwhile ill eat the interest rate as i fix up and rent the house. Then is it possible for me in 6-8 months to refinance with a bank traditional loan? My other option would be to whole sale this property to a cash buyer but I have the %20 down in reserves and i  know this would make a great rental for my team! Any Advice would be greatly appreciated.

-Kevin