Buy in cash then finance later?

[Tyler D.]

Newbie question here. 

I'd like to buy a distressed property, which is cash-only. The plan is to fix it up, then finance it later.

Of course, I want to make sure I cover my bases before jumping into this, so my questions are:

1) Is it possible to later finance a property that was sold as cash-only?

2) Will I end up needing a higher down payment, or a higher interest rate vs buying with a mortgage right off the bat?

3) Are there any red flags I should be looking out for with a cash-only fixer?

Thanks in advance for the help!