Posted by Rob FL on March 05, 1999 at 19:36:10:
Why not buy it using a hard money lender? Fix it up, paying for the fix up with credit cards. And then refinance the property with a regular lender. They will probably require a higher interest rate but you should be able to refinance it once you actually have owned it for several months.
One small point though. When you let your emotions get in the way, it many times fogs up the way you see things. Make sure the numbers are truly accurate and not just what you want to believe they are.