@Paul Daniels those are the two methods most often used, but if you do not want to go conventional or hard money, you would either have to go with private financing, or using some personal lines of credit you may have.

I am interested to hear people's advice on either of these approaches, or even the possibilities of teaming up with a private investor to help with a portion of the down payment.

Also, I'm in a very small private real estate investment group that is looking at purchasing property this year.

And what's the going rate for private money if I decide to go down that route and try to engage other investors.Learning every day and I LOVE IT!

Send me a private message and we can get you started right away. 

I don't want to be in a conversation about which roommate was dancing on the kitchen counter when it broke!

Also are their any Private money lenders or Hard money that you would recommend in the Chattanooga, TN Area?

@Kiara Washington and @Joe Santiago I want to add something to this conversation.

He mentioned in conversation that SFH start at around 50k there while here the minimum is 100k.

You've began a conversation with the owner and that is great, awesome really!