If your friend is willing to sell it to you, you have two primary options. First, contact a few mortgage companies and/or banks to see if you can qualify for a mortgage based on your current situation. If so, you're set. If not, option 2 is to ask the friend if they will sell it to you either owner-financed (the friend is your bank) or lease with an option to buy (rent it until you can qualify as in step 1). There could be other options (hard money lender, another investor who would do option 2, etc.), but they would typically be more costly and complicated. Hope that helps.

Kevin Griesser
Investor/Realtor in Louisville