If tenant won't pay, will government pay landlords?

If you are subject to Fair Housing, then you should print, read, highlight, and learn the policy regarding service animals: https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalN...3.

If you are subject to Fair Housing, then you should print, read, highlight, and learn the policy regarding service animals: https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalN...3.

The Fed did not cause housing affordability the government did by printing $7T.

I can see why you're asking this question because the terms "private lending" "private financing" "creative financing" "hard money" etc get tossed around a lot without explanation.The short answer to your question is that private lending is literally anyone who is willing to give you money other than government or government backed institutions.

You’ll need to hand over a large chunk of cash that’s just going to go to state and federal government, maybe 25-50% of the total gain, not just on the current property. 

As is typical with government intervention into the public markets, the intentions of this policy achieve the opposite.

Any special language in the rental agreemnt that I need to include to govern use of common areas, tenant conflicts, etc?

It can also be a professional company that uses private money to do loans, and gets investors, as opposed to government secured loans.

The biggest lever the Federal Government has is tax policy.