Maybe half upfront and reduce the rate of interest on the balance..

You can then rent at market rate but have to register it with the town annually and abide by their annual inflation rules.

I am unsure how to accurately predict rates and occupancy.

Based on what you've told us, your rate should be at prime (7.5%), unless you are over 80% LTV, then it would be prime +1.Jeff

I've seen many investors get burned because they failed to understand their hard money loan terms/rates, even if they did acquire what should have been a home run deal. 

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

Look, we’d all like to search the internet, find a deal for sale, analyze the property as having a great cash flow at current interest rates, with lots of upside potential in a gentrifying market.  

Rates will range from Prime (currently at 7.5%) to Prime + 4% (11.5%).

Promises near 30% ROIs in RADD and above market rates for REIT?

They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.