Most hard Money lenders require you to have some Skin in the game, meaning you have some experience in rehabbing. Even though it's an asset based loan it's sometimes difficult to get 100% financing. Your better if you have some money to put down at the closing table. This will help you dramatically with funds cause it shows that you have more of a desire to follow through and have am incentive your not going to walk away from the deal. The more you have the better! Good luck!