You might want to look into a 203(k) loan if the property is eligible for FHA financing again. It's an FHA insured loan where you can include cost of upgrades and repairs in your loan. You'll have to jump through some hoops. At closing the seller gets their money, realtors get paid, etc. Then as work progresses, draws are paid out from the construction portion of the loan. You can google search FHA 203(k) and see some info about how the program it works. You can check with FHA approved lenders in your area to see who does these loans.
