Newbie Financing Question- Realistic?

[Emily Sulliban]

Before I ask my question, I'll give you some background info. I'm 20 and have no credit history. All I have are a few bills in my name that have never been paid late. I don't owe any banks or anyone money. I'm starting college in a month. I have and have had a steady job, but it's part time.
I'm interested in looking for a 2-3 family property in which I could occupy one unit and rent out the other(s). I wouldn't have a considerable downpayment.
I'm wondering if there is any possible way for me to acquire a 100% loan on a property such as the one I described in my situation. If I found the right deal, got the contract, found tenants, and did some relatively inexpensive fixes to raise appraisal would a bank still just laugh at me? There are no hard money lenders who adjust interest rates to accomodate more long-term investments?

Any input is helpful.
-Emily

[Steve Babiak]

Since you will be an owner occupant, you might have a shot at FHA financing, and the percent down is 3.5% these days for FHA. Not 0% as you had asked, but as close to that as you can readily find.