It can happen sometimes but its typically going to be harder to get than a fresh hard money on a buy/rehab and you'll likely have to pay up fees/high rate

If this property is already under contract, then be sure to hire a high quality inspector to get this information for you. 

I'm currently not a high net worth individual but have 1 investment property.

The rate was pretty high but I refinanced 2 years later and it all worked out.

For your location, I would highly highly recommend you do MTR in the property, and establish a relationship with the hospital so they know you have lodging for traveling medical professionals.

If you have an 800 FICO, low leverage, and high cash flow, the rate should be a little lower.

If you are first starting, it makes the most sense to target high cash flow markets like the Midwest or the South and work on building a backbone of good cash flow that can allow you to chase appreciation opportunities.

I 2nd what Bruce said, unless you're highly proficient at all things associated with residential construction I'd get an inspection. 

Rent is too high, so my family has been blessed to bunk with family to get ready for our first house hack with short or medium term rentals. 

To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise.