Private money lenders to front down payment on SFH

[Nathan Burnett]

Hey BP!

Wondering if anyone has used private money lenders for ONLY the down payment on a SFH buy and hold? New to RE investing, have a great opportunity to purchase first SFH. Ran the numbers on BP rental calculator and cashflow/ROI look good! In addition, this market is on the upswing, and home values are increasing steadily (so in addition to solid cashflow, potential appreciation looks good). Offered less than market value by a long shot, secured the contract!

So, back to the original question, what strategies or approaches have BP members used for securing private money lending for a down payment (knowing refinance will produce ability to pull out that down payment in equity in a short amount of time, to pay off private lenders quickly)? Or is it better to shoot for the stars and find a private money lender to front the full purchase price?

Thanks! 

Nate