It merely means you will likely have a difficult time refinancing the property to a traditional lending source.

don't be afraid of better markets in ohio like columbus. depending on the capital allocation buying old houses and having to renovate is not the only way to drive value. build rent refinance repeat and build to rent are both very strong market drivers as well and you can traditionally get infill land in areas like columbus in much better locations than where you buy.

Hard money loans typically have higher interest rates and shorter repayment terms than traditional mortgages.

What would be my best approach, I assume find a private lender and work out some deal with them.All questions and answers will help thank you. private lender would be one option - also can you get traditional financing from a bank? 

If you don't want to put a single dollar down then you can just structure a 100% financing with the sellerHey Ko, it’s nice see you again.I’ve spoken with the seller and they want a 10% down.I think I’m going to wholesale this deal if I can get good terms, but every once in a while I come across a good deal that I would like to purchase as a buy and hold.what type of loans would you recommend for traditional buy and hold? 

Many brokers are open to part-time agents, especially those focusing on investing rather than traditional sales.

I understand the crime concerns, but why do you think traditional financing is risky?

Alternatively, a private or hard money loan could provide faster funding if traditional lending timelines don’t work, with the option to refinance once the build is complete.

It’s important to ensure you’re comfortable with these risks and consult a financial advisor.If you choose to use a HELOC, consider traditional financing or private loans as alternatives if you prefer not to risk your home.As for your first rental, markets in the Midwest and Southeast offer great opportunities with turnkey properties that are tenant-ready and appreciating.

If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.