How do you structure investor deals?

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I'm wondering what everyone uses for a structure to your outside investor deals. For example, let's say I borrow money from an investor in order to buy a property. I use my own capital to rehab the property and get a renter in it. I wait 6 months for the property to season before I get financing at which time I pay back my investor. What kind of rate should I be expecting to pay for borrowing these funds and what is a reasonable structure to pay this money? Is it typically interest only while you're borrowing money and then lump sum due after refinancing along with a payback above the original loan to cover a ROI for the investor? How much should I be expecting to pay to borrow this kind of capital for this period? I'm in MI for what it's worth. Thanks!