Its all about putting $'s together, you can find the deal, but if you cannot define creative means for financing, especially  as you expand your base in REI and get into more complex or larger deals, you can never have enough $. 

There are many ways to get creative about the financing if you're motivated enough. 

Any "design" I get to do in my company is usually so dictated by local and state design codes that they almost take the engineering/creativity out of the equation and you just end up conforming to endless lists of requirements (which can be extremely tedious to learn and keep up with).  

I am planning on using creative financing through personal loan (60% sale price) upfront with owner financing the remaining 40% for 10 yrs.

We both have our strengths that we bring to the table, I'm creative and understand the construction side and he has the resale and market knowledge and can match the capital I have in my business.

I have little cash on hand but I am looking for creative options like cash out refi and HELOC to fund the rental.

It's a good idea to have backups, unless/until you can hire and pay your own crews to work for you full time.Regarding financing, most financial institutions will want interest, points, and fees, not creative pay out structures.  

ie=UTF8&camp=1789&creative=9325&creativeASIN=B000LNSIM8&linkCode=as2&tag=thechrofhom-20It's less than $10.

If you somewhat know what you're doing in the real estate world, this will open up many doors for creative ways to finance deals with little to no money.

And if you mean traditional or creative style financing, I think it would be best that I go with something creative because I don't think I may qualify the traditional way.