Typical private lender terms and APR's?

[James R. Copeland]

So I've hit up a few local lenders to learn more about portfolio lending and investment properties... Wish I could say I was optimistic... All signs are pointing me towards private lenders, but before that search begins I'm wondering if I should even bother yet? I'm not at a point where I could comfortably do 20-25% down on a local multi-family (Pacific Northwest, Vancouver, WA, MFR's usually run 500k+) and still have money left over for reno's, marketing, and potential vacancies. How common is it to find private lenders that will help with investment properties without requiring over 10% down? Too crazy?