So the question would be could an equity partner be brought to achieve the buy out and then pay the investor after the the building is refinanced anyone care to chime in and give direction possibly.

I also have 2 other properties that I own and as I grow my portfolio, I'd like to ensure I keep them separated as much as possible.  

Hey guys,We have the opportunity to pick up a vacant apartment building with 10 units but after talking with many different lenders it seems that nobody is willing to finance a commercial loan on a building that is not producing income.Our plan is to purchase the property, complete a mid/high-end rehab, and begin renting out units as soon as possible.

Now get as close to the action as possible.  

Only the most desperate renters would probably agree to live there so the price of the property would have to be dirt cheap and cost you as little money as possible in the rehab to make it worth the effort.Your gambling that the surrounding area will be gentrified in the next few years and increase the property values.If this was in Southern California I would say yes absolutely but,the ATL may be a little harder to wait for unless the population booms there in the next 5 years.

Would it be possible to find private investors on a $1,600,000 deal as a new investor?

is this possible?  

Listen to the BP podcasts as much as possible.  

@Jim Bowser - Jim as Jeff stated above, it's best to hit as many real estate groups as possible.

My current real estate goal is to just learn as much as possible until I am ready to do my first deal (which I hope to do in the next 1-2 years).