Financing my first property

[Nick Furukawa]

Currently, I have $50,000 with little to no credit history or income as a college student. I am looking to purchase my first investment property this summer. I have met with different potential lenders who have all told me I need at least 2 years of credit to get a loan without a co-signer. If I didn't get a loan and went with cash purchase on a $50k property, I feel I would not have enough capital left for rehab and other expenses. Is there any advice or references for how I can find a lender who would be willing to lend based on a high LTV and cash flow instead of credit and income?