Interest accrues beginning at 1% in year 1, then increases by 1% each subsequent year.I regularly see notes written at 0% interest.I regularly see notes where no down payment was made.I know investors who've bought property using seller financing and negotiated that no payments would be due until the property begins generating income....from your position, it's best to understand the seller's needs and offer options to address those while meeting your needs.

To give more context, in late 2021, I lent him $75k at 10% interest but he didn't have to make any payments for six months (though interest accrued during that time).

Being new to this, I want to make sure my financing is solid.The offer:$75,000 Credit Line @ 5-6.5% interest$5,000 one time fee at refinance (no interest)If I sit on the money without refinancing beyond a year then an annual fee of $1,000 will be assessed, this one will accrue interest.I'm just curious if this is a good private lending offer or if I need to be seeking a better deal.

Will the preferred return be accrued and paid out prior to any split at sale?

When returning the security deposit to  the tenant in Maryland you have to include the interest accrued, which is the greater of the US Treasury yield curve rate or 1.5% per year.Who knew we’d have to do calculus to return a security deposit…lol.

We can take only what we need now, thus accrue interest only on that amount. 

EnforcementViolations to the standards provided in these regulations as well as other provisions of the County Code are subject to the civil penalties schedule provided in Chapter 8CC of the Miami-Dade County Code of Ordinances.Operating a vacation rental without a Certificate of Use is a violation of the County Code and the civil penalty schedule is as follows:1st Offense = $1002nd Offense within 24 months of 1st offense = $1,0003rd Offense within 24 months of most recent of the preceding offenses as well as subsequent offenses = $2,500Penalties accrue and a lien may be placed on the property if the fines, enforcement costs and administrative costs are not paid or the violation not corrected.

The interest you accrued can be applied toward damage.

I keep all mine in a dedicated savings account that accrues minimal interest.

They may have recorded a lien for $1000 or whatever, but with a stipulation for interest to accrue.