@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

However, you have to be extremely careful financing 100% of the transaction as you still need reserves, closing costs, etc. and make sure it cash flows.You didn't mention if this would be a rental or owner occupied. 

Any lender, private or conventional, will have some hoops, maybe just not as many for private lenders...

Can't say for sure, but I'd be careful.

This is the list to not invest in without extreme careful attention to detail.Don't go where the masses are going.

you can use a DSCR loan if your DTI is too high for conventional. 

They are billed as "a scientific approach to single-family rentals" and use "institutional grade property management," which usually means they are a tech company in real estate and likely either don't have the existing property management relationships in each area or you chose an area where they don't have enough units through Roofstock for the PM they chose to care.

Your equity is $61,400 (you also paid something to renovate but I'm not sure we need to care too much about that for this example).

Since you won't be close to the property, a PM will help you take care of everything from far away.

And again, you'll get advice from posters that could not care less whether you follow it to the "T".