They will probably only lend 65-70% of the purchase price but this will depend on the lender. 

Build a team of people to help; an agent who isn't trying to talk you into every opportunity and knows how to analyze a deal; a lender who offers you all the possibilities; an inspection company that can get things done quickly; finally a property management company that comes with good referrals.

Hi Shannon, We are a direct lender out of Los Angeles, CA and we do lend out in the Fayetteville, NC area.

Do they work with private lenders?

I haven't really heard about investing in the area, haven't found any local realtors or lenders that are "investor friendly," and I'm not sure I have enough equity (or cash) to finance a brrrr (or similar project). 

Being handy is a great way to start and learn the business but your time should be spent finding your team and the next deal.Instead of swinging the hammer, focus on expanding your network:1) Agent/wholesalers to send you deals and list them on the back end.2) Contractors that allow a fast, efficient, value focused renovation.3) Lenders that can allow you to close on properties quickly with solid leverage. 

Maybe you have a real estate agent and lender? 

I would value your thoughts on how to choose a good HELOAN lender.

I have a lender that lends in house $120k and under. 

a Lot of wholesale lenders wont allow this or fund those loans under those situations to many conficts of interest .. etc.