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

you will not find a cashflowing property at 100% financing whether its with a traditional loan and heloc or whatever the terms. 

In your case, if you’re working with older sellers, you could even use some of the funds to pay for their senior living stays while you wait for the renovations to finish, which would take a huge burden off them and solidify the deal in a way that works for both sides.I think this type of financing works great because it keeps the deal flowing and ensures you're able to close without the traditional loan roadblocks.

.#6  Knowledge -  Know why STR is better for the landlord than traditional rentals.   

I have the credit, experience and the knowledge on how to underwrite the deal to show their ROI in this arrangement vs a traditional sale. 

Bonnie is spot on—you don't always need traditional bank financing for your investments.

With the high interest rates it hard to get much to cash flow with the traditional 30% down. 

We own 10 homes, but all the rest are traditional leases and are also close to our primary home in the Lake Norman area (all w/in 30m).

Banks don't lend so little on traditional mortgage and hard money lenders don't go there , so no option for average Joe to get a qualified mortgage or for Jim the Handyman to finance it.

If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.