What are the usual terms and conditions that would make a loan offer appealing when rehabbing or flipping ? 

However, if you can weather the storm for a while, Danville, San Ramon, Pleasanton, Dublin, and Livermore all offer amazing appreciation, tax benefits, and principle pay-down opportunities. 

Traditional Banks have more rigorous approval processes, which can take weeks or even months.We are usually more flexible with loan terms and conditions and are more aggressive with leverage (higher leverage compared to banks), while banks generally have rigid loan terms and conditions that may not be as adaptable to unique investment scenarios.Private lenders are more focused on the potential of the investment itself rather than the borrower’s credit history or financial background.

I would use the standard realtor lease form in your area and then look up common extra conditions landlords are using now.

Assisted living centers or community residences are usually special or conditional uses in single-family zoning districts.

Rentometer: $3,868Redfin: $4,173Zillow: $6,233The problem is the sites have no idea about the condition of the unit or the configuration. 

If you make a loan to someone in their name or company you're clearly lending, requiring additional fees, profits or anything else to be paid, in the beginning of the loan or at the end, such can be viewed as a loan expense, and it would be if the fees are a condition of the loan.

Include your SREO, PFS, Property P&Ls, leases, and any other information that is worth noting such as property condition, zoning use, etc.. 

its great that you are taking the leap into Real Estate investment, and Venice Florida, its an interesting market with its mix of vacation and long-term rental opportunities.Given the current market conditions you are describing - stagnant with a surplus of inventory - there might be some advantages to exploring both vacation and long term-rentals.  

(we met some of those room-mates and they gave us the scoop as to what was going on).The building is great - brick, newly built, good condition - and based on our comps - each of the 3 bedroom 2 bath units should be renting at around $1800-$2200/month (current condition vs fixed up)The leases were were given (signed March 1 and we bought building on March 3) are $1000, $1100 for the 3 bedroom units of sis and bro and $1300 of the tiny basement unit rented by non family members.