Funding strategies- how much cash vs. private funiding

[Dana Regan]

I have just won a bid for a rental home for $385,000.  I have a lot of cash, but believe getting private funding until I can refi is a good strategy.  There are minimal repairs required so can rent it withing a week of purchase. Here are my questions:

- How much cash should I use? I could feasibly do 70%- but should I?

- How do I evaluate private lenders? Any recommendations?

- How long of a duration of loan should I take? I can refi in Feb, what is normal time range?

Thank you for advice