When and How to Analyze Non Conventional Deals

[Shane Burlingame]

Hello, 

I have been analyzing BRRRR properties, and I consistently use the same conventional financing criteria when running my analysis. The problem with my approach, is that when I go forward to make an offer, it is unlikely I will get approved for conventional financing because I am self-employed and looking for distressed properties. I want to have accurate analysis, but am unsure of the terms I would qualify for using hard or private money. Bringing a deal to a hard money or private investor, I need to know my numbers cold.

My questions are, is there some pre-approval process for this kind of funding, where I can know the terms of a potential deal, so that I can use that to accurately assess properties? At what point do I go looking for funding, with deal in hand or before making offers? 

I appreciate the help in advance.