Is there any hope to win a bid war with a conventional loan in SD

[Michael Ndjondo makadi]

I have been trying to buy my first property which ideally will be either a triplex or fourplex that has some potential and eventually requires some work here in San Diego. Since January, I found 3 nice deals but every time I would get beat by someone with cash. My last bid failure happened yesterday for a triplex in North Park priced initially @ 725K, the price got escalated quickly. Even though I did not bail out, there was yet again a cash offer that was accepted over my 20% conventional offer. I start wondering if it's even possible to close a deal here in San Diego with conventional loan on fixer upper MF? Should I consider using a private lender just to close a deal then refinance right away? Is it even possible to qualify to a private lender with a short term loan?  I was hoping with this current crisis maybe the market will turn into a buyer market, so far it is not the case here in SD. Should I wait a little longer since housing market tends to lag the economy trend.