Your best bet to finding money, if there is any out there, is to work with an experienced mortgage broker. While there are certainly money lenders out there who specialize in providing funds for homeowners in difficult situations, the key to remember is that "hard money" does not equal "impossible money." "Hard money" or private investors typically will check on the credit worthiness of the individual who is purchasing so if you have no credit and no down payment money, it is highly unlikely that even a private investor will be prepared to invest in your venture. Further, most private investors would prefer the "first position" in any investment and will ensure that they own the home if you fail to follow through with your business plan. Also, private money lenders will scrutinize the home that you wish to buy, and if there is no confidence in the worth of the home or in your abilities as the home buyer to accomplish your goals (in other words, you do not yet have a "track record" in investing in real estate), even a private money lender will refuse to assist you.
Your best bet, if you truly feel you've found a great home, is to work with friends, family and business associates in a private "REIT" or corporation where seed money is provided, and shareholders are compensated for their investment at the end of the deal.
Grace Morioka, SRES
Area Pro Realty
San Jose, CA