The interest is a set percentage that is based on the balance due and is often bundled with the monthly installment of repaying the funding.

It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.Thats not necessarily a rule of thumb.This to me is a sliding scale based on the Cash on Cash return you can expect.Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.All liabilities would also be split 50% with this partner.We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option.

But if we play this out and investor have to go to listing agent..

Too many things at play here to worry about 147 SF.

It may impact the loan and will require you to pay transfer taxes based on the assessed value, deed prep and some additional accounting fees to address basis.

based on my calculations, I've decided on term life, 20 years, 2 million.   

If he wants to play games, give him a written 30-day notice of termination before he even moves in.

I've heard from others that the tenant base might be a little challenging so that's a no for me.

In a situation like that I think you are doing the correct thing in billing back the tenant because the utility is based on usage and not a flat fee that you can bake into the rent price.