However my view is more aligned with your partners.

If he can't come into alignment with you then you may need to switch again.

What I see most folks do when they are starting out .. they want to do these deals like they are a very seasoned or experienced syndicator / investor and are looking to make the lions share and finding the cheapest capital they can find.. this is all well and good unless you never find the capital and never do the deal.So when starting out and if these are the types of transactions you may want to repeat.. you need to turn the tables you need to make it so good for the investor they simply can't say know.. you give the investor the bigger slice of the pie.. and thereby secure your first big deal.. once you gain experience and track record you can then start to increase your return and lower the Private investors return as they are aligning themselves with an experienced and successful operator.

Ours is in alignment with the landlord-tenant law for our jurisdiction and is written in a way that is beneficial for all parties.

Make sure the rental criteria is in alignment with non-discrimination and fair housing laws. 

@David KrulacYour philosophy aligns with our mission to improve the energy efficiency of all our properties by 40% or more.  

Which niches do you think best align with using private money lenders?

IMO the key to finding great team members is to find people with aligned goals and skin in the gameMy PM is a fellow investor, he wants to grow, he thinks long term like I do, he knows we grow best when we work together rather than competing.

A lot of things have to go right.. and rehab contractors on lower end properties are as risky a person or business you can possibly align yourself with.. 

Pick a strategy that aligns with your goals and do it.