It has been possible to get a bank loan as long as you are putting down a significant down payment.
Just about all loans are harder to get these days. The devil is in the details and how you present the property. For example pulling out a crappy kitchen from a duplex and opening a door to sell it as a single family. Later putting in a new kitchen and closing the opening as a closet. All legal using the details. This required the rental going vacant for a time. Can you do something like this between renters on the investment property. Keep in mind the zoning must allow for both uses, so you do not loose the rental income.