Financing Vacant Fixer-Upper Duplex

[Nedra Campbell]

I plan on purchasing a fixer-upper. It's a duplex. The purchase price at auction is $16,800, but it needs over $100k in work. The estimated pre-rehab value is $68 - $92k (Trulia / Redfin). The ARV is $225k. Is there any way I can get a non-owner occupied mortgage? Is there anything other than a hard money lender that I can use other than cash to finance the purchase and rehab. We've considered the 203(k) route and living in half of the duplex, but the 203(k) route seems like it will take forever. Plus, finding general contractors who are willing and capable of completing all of the requisite paperwork has been challenging. Any thoughts or ideas would be greatly appreciated.