How to Finance Rehab Costs when Buying A Home?

[Derrick StClair]

Hey Guys - hoping there are some experts out there as google is deeming to be useless on this matter. 

My question is simple (so I think), is it possible to roll up any rehab costs into the mortgage loan amount when buying a property?

If so..

-Do they typically allow you to finance 100% of the rehab costs?

I'm aware of the FHA 203(k) loan but that's quite convoluted and requires a lot of attention to execute properly. I'm hoping this is commonly practiced but couldn't find much online on the matter.

I'm looking at a rental in Los Angeles with a PP of $1.1M and needs about $100k in rehab work. I've run the numbers and it's a good deal as long as I don't have to come out of pocket $200k for the down payment and another $100k for the rehab (not to mention the carrying costs). 

Any guidance would be greatly appreciated!

Regards,

Derrick