While anything is possible, I would say it's not advisable to have your first investment 100% financed, for many reasons.While you may not have amazing credit or 6 figures sitting in the bank, it's important that you know that you do have resources and do bring value to the table.I strongly recommend that you partner up with an experienced investor and learn from them.  

An experienced investor, with knowledge about titles, can get away with it in certain circumstances. 

Id like to partner up with an experienced commercial investor to possibly purchase apartment complex.

If your just buying to hold onto a house ,you can network with investor experienced realtors to find you properties.

I actually have seen where portfolio lenders advertise using one property as down payment on another, but have not experienced this, and when I have spoken to their loan officers, generally do not get an answer on whether they would actually do it.More importantly, you will learn that even with a cash-out refi, you will likely not find anyone who will lend more than 70 - 75% of appraised value, and with the cost of the loan, it would likely not be worth it to you for the 10 - 15K you could potentially take out if you currently owe 60K on the 1st mortgage.  

Does that look like 8 layers to you more experienced folk?

Try asking an experienced color consultant at a paint store near your area.

Wichita, KS)  and give me their experienced opinion on whether it would be a good deal for a flip.

I am very much looking forward to providing whatever advice I can to this great community and learning from it's many experienced members.   

My question to those experienced investors our there is:  If someone happened to give you 100K, what would you do with it?