Abandoned 12 plex found

[Brenda Whittaker]

I have owned multi family in the past and accidentally sold them, a major major life regret. Looking to get back on the horse after 20 years of beating myself up over so ignorantly selling the golden goose I had. I found a 12 plex that has been abandoned. Its fairly new but neglected. I am doing analysis on it however I am stumped over the down payment. A 12 plex can be asking as much as $100K per unit in my area, so even if I can get the numbers to work and a lender likes my property portfolio, how can I find the 20% likely needed for a multi family property? 20% can be in the $200K's. Where to start? Find a private lender and work the numbers to make sure he gets a decent rate of return that fits into the deal? What ROI might a private lender who I would seek for down payment funds from expect? What is a good enough rate right now, my guess 8% on the low end? How do I market this and where? I would love to save this complex.