HEY YOU!!!! Financing Advice with Apartment Building

[Justin Goodin]

Can some experienced investors with apartment buildings help me clearly understand the financing aspect of purchasing an apartment building. I am looking to purchase a building with 10-30 units anywhere from $700,000-$1,000,000. I want to purchase a property that needs mild to moderate renovations. 

Will a bank require 30% down? Has anyone raised money from private investors or bought a building without using private investors? Depending on how the deal is structured, how will my private investors be paid throughout the year? I am looking to buy and hold the property, so what if I refinance the property and I do not receive enough money to pay the investors back. Any information, or a walk through the process of purchasing an apartment building would be greatly appreciated. Thanks.