You can do seller financing or get a private lender but likely either of those will be tough.

Seller must provide an up-to-date lease agreement of every tenant (no month to month or handshake agreement)Seller must provide last 12 months of rent rolls (showing that every tenant is paying on time/no deadbeat tenant)If there is a security deposit, it needs to be signed over to the buyer at closing (so that the renter isn't required to pay another security deposit to start a lease with you)Is there a Property Management in place?

If you are concerned you can hire a private inspector.  

I was the kid in high school getting offers from private colleges over how high my test scores were, and I ended up ruining so much with drugs, toxic emotions and bad decisions. 

Hi Carlos,All you have to do is send him the security deposit statement with the expenses that you had to cover.

We have some other friends who are going to invest for our initial down payment plus our own money that we are going to put in.We need some suggestions on what a loan from a private investor might look/sound like?

I’m looking at funding and all-cash deal with private money or hard money.

That type of sizable deduction could help whittle down a large tax bill.https://www.investopedia.com/articles/07/oil-tax-break.aspIf anyone has experience participating in this type of investment or knows well-known and respected operators in this space that put together limited partnerships and private placements, please share that info here. 

But these properties can be profitable and if you keep the properties up you will be able to secure better and better tenants over time.

I am mostly hung up on the LTV because I really need all the cash in my account for security.