Best Financing Avenue to Pursue for an Off-Market Property

[Danielle Palleschi-Browne]

Hello! My wife and I are interested in buying a 4 bed/2.5 bath home in Alexandria, VA. The property is an estate that the owner is looking to sell as soon as possible. They have not put the house officially on the market yet but plan on doing so in the next week. My wife is leaving her teaching job to join me full time in real estate and because we will be a fully self-employed household we are worried that a conventional loan is going to be out of reach (Hillary is legally employed until end of August).

We have about 10% that we can put down on the purchase of the house. Knowing that we could have some difficulties with a conventional bank loan, what would be the best avenue to finance the rest of the purchase as well as some rehab? The rehab in cosmetic and the house is in really good shape but outdated. 

Appreciate your thoughts!