100% financing + rehab costs.

[Ed Nunno]

I have a great deal but i don't have much capital on hand. are these deals typical or not at all ?

[Owen Dashner]

As Kyle J. mentioned, this type of financing is not typical - but it is definitely possible. I have done 2 of these deals recently on cheap (<$50K) single family homes with a small town bank. The key is developing relationships with the decision makers at small banks (think President) and credit unions where they have an appetite for loaning on the type of deals you have, and keep their loans in-house instead of selling on the secondary market. I have a good reputation at the bank that did these loans for me, and they view low-priced SFR rentals as a low-risk investment.

Your best bet is to hit the phones and call around to these lenders in the same geography you are investing in to see if they want to play ball with you.

Good luck!