I would reach out to several hard money lenders and shop around for the best rate and terms. 

Do you own the building of a restaurant, fast food, coffee shop, ice cream parlor or any other type of food and beverage company?

I start to shop the deal . what should I do to buy apartment if I have partner more than 1 , maybe 2 .

Investing locally to start is a smart move - you get to keep things close, see it in person, and so on.Start learning, keep learning, and then start connecting and networking with those in you area.  

This is what is in my head and correct me if I am wrong, but I was thinking if I receive the property then give it about 2-3 years refinance the house and pull out equity (obviously by using the calculator that the equity amount will be enough on year 3) and use that to pay back the money that was lent to me.Is that a smart option to present to my private lender?

@Curt Thomas - You already got your answer above from some smart people.Just curious are you asking from the tenants perspective or the landlord? 

Are you saying it's not smart if you're a seller because people are charging not high enough interest?

Sedona is attractive at first glance but it has developed a reputation as a crystal shop, pink jeep, airy-fairy tourist town.

Additionally, many agents won't even take you shopping until they see your preapproval.

But, I assume you are aware of that and obviously not concerned, since you thought it was smart to "purposely" choose your wording and post it as a headline, on a public website, for the world to see.