Question About Apartment Purchasing (Syndication?)

[Tyler Mundy]

Hello, I am new to real estate investing, but I have a back ground in commercial appraising. I am looking at buying a small apartment complex, and I was wondering if my idea makes sense. I think this may be called syndication, but correct me if I am wrong. 

I am thinking about getting a bank loan for 80% of the purchase price, and getting a private money loan for the other 20%. The NOI from the apartments should cover both, leaving me with a decent net profit. Does this sound reasonable?

Thanks for your help!