-How the private lender is protected in the case of default, late payments etc....in other words how to reassure a potential private money lender (friend, family member) that their funds are safe (mimic the professional and experienced private/hard money lenders steps)-What are the common terms of the loan (rate, interest only payments, length, penalties, collateral on other property equity, early/late reimbursements, etc.)

@Brittany Guimond no idea why you wouldn't have a business credit card to COMPLETELY separate your peronsal and business expenses.How likely do you think an IRS auditor will ask for all your personal credit card and bank account statements to test that you haven't reimbursed anything you shouldn't have?

Adjuster estimated the claim at $11,500+/- minus deductible and depreciation gave me a check for $7kThe job actually cost me $11,300+/- and I was satisfied with my $7k reimbursement check which came to me in a reasonable amount of time.

My question is as follows; Since my wife is the owner is there a way to recoup the cost of my (property management) time as eligible for reimbursement?

If you're a year-round net producer, the reimbursement rate is much lower than if you're net-zero.

., then you can just write up an agreement that you are accepting their payment up front, but that if they get evicted, you'll reimburse whatever would be owed to them.You just need to check it all out and see if they qualify according to your, hopefully, tough criteria, otherwise.  

If not, I'd just send the landlord a letter saying you were not aware of any fee, there is nothing in your contract regarding a fee, that since the landlord already reimbursed your security deposit, showing you owed nothing, that you don't believe you owe anything.  

If you need to provide them for your tenant pool, you should expect repair costs and replacement costs that are not expected to be reimbursed by your tenants.  

As a point of information for everyone, if you engage an attorney and then you submit a claim to the title insurance company and it is a covered matter, the cost of retaining the attorney is not generally covered under the title policy so don't be surprised when your request to be reimbursed for the attorney's fees is denied.

Legally, you're only required to reimburse them rent for those days.