Unfortunately, I titled it in an LLC and it's a condo, so I have not found a bank yet willing to give me a commercial mortgage on it.

I have also been told that a commercial loan with a local bank may be the best option to look into. 

i countered she is going into her bank tomorrow to see if they approve her for the rest. thanks everyone 

You could offer to pay agency, pay an additional 2500 cash, and then ask the Seller to be your bank for 18 months at four percent interest only.

No realtors or endless showings.  88% of asking (very specific number with no zeroes)Be the bank.  10% down, market rates, payment of $600 per month automatically to you from a local servicing bank.  95% of asking price, but no zeroes.Lease option. 30 months, $600 a month 1.5% consideration.

@Kevin McAnally In addition to the meetup that Michael mentioned (we have a meeting coming up on the 19th, check out events section) feel free to check out the following event on meetup.com scheduled for September 25th “Quad Cities REIMG - Welcomes Kevin Schoonmaker with Bank Orion!”.

We wanted to finance via an FHA but given their cash requirements, I'm not sure how to approach the financing or structure a deal to take this further.Any thoughts on how to get cash when you don't have it or another way to approach dealing with the bank for a foreclosure?

I don't like giving 3rd parties my login info to bank accounts.

I don't want to bank on appreciation so I am not considering it but I guess technically I should mention that it's a growing city.

@Shadonna N.If your not already in the portal, you will have to fill out a few forms with contact info, bank info etc, and then expect to not get paid for at least 30-60 days initially, they will pay the back rent, but that's how long it takes to get in their system.