11 Unit Apartment

[Wesley Bryant]

I found an off market 11 unit apartment complex. They want 1.5 million for it (I think I can get it for less) and the total rent is just over 14K a month. It's new construction but several leases have already been signed with the first tenants are set to move in next month. This would be my first multifamily deal so I was curious how much I would need to put down and what kind of rate/terms I could expect? When I did some online research I was getting a lot of conflicting information. 

TIA!