Generally yes, lender terms will differ...75% LTV is more common.  

It isn't common, but electric heat in NYC is starting to pop up more and more.It ain't cheap.  

I've heard 8% annualized is common but I guess it all depends.I also can acquire hard money loans but want to limit that if I can and just use private money and personal capital.Any advice is appreciated?

The episode it called, "Turnkey Real Estate Investing Explained".There I explain what those terms mean, common pitfalls investors make, and a 5-point system to help you compare turnkey providers.

Some of the most important things in life and education and health.

Adverse possession laws differ by state, but there are some commonalities in AP in that they take years, and typically have a requirement of prescriptive use and payment of property taxes over whatever number of years.

My question is, my parents are getting along in years and in poor health.  

That is a common and dangerous trap to fall into.Good luck and we'll see you around BP.Vincent

I have a feeling we have a few common connections. 

However, a common "formula" is, assuming you want at least the same amount of money that you're making from your job, once you have enough passive income to equal or exceed that then you can quit your job.