When using private money for investing in a buy and hold property how is the deal structures typically?

Typically at these events you have a mix of people looking to learn and there will probably be sales pitches. 

Typical worthless attorneys.

What would be the typical terms that I have to pay it back?

The house currently has tile throughout, however, the br are different color tile than the hall, and the 1 bath has a different color tile than the br.  

Once we 'assume the contract', how does that compare to a typical escrow?  

Here’s what it says: “Loans Secured by Real Property or Used to Purchase, Build, or Improve Real Property: If properly originated and negotiated, such loans are typically exempt when made or arranged by a licensed real estate broker.”Was your loan to your friend properly originated and negotiated by a licensed real estate broker?

Close in a exterior area and make it into a air conditioned workout roomConvert a garage into a large living areaRepaint outside of the houseChange from typical arizona rock yard to grass in front and back yard.

As long as it’s not sinking into a corner or off the foundations, it’s typically ok -an experienced inspector will tell yo if there is a problem- I use pro-home inspections- Mark Felion out of St Paul

Rural street with massive lots already has handful of remodels with some listing close to $1M ARV.From BP flip calculator:$900,000.00 After Repair Value ($460,000 List Price $200,000.00 Rehab Budget $150,000.00 Profit Estimated Repairs Total: $200,000.00Could use input on overall deal, as well as typical $cost/ft to add a second floor to bring total to roughly 3,000 sq ft. with a 2nd floor master and bath, perhaps an office or extra BR upstairs as well.