Worth area a great market to own long term rentals.

We spent the last year remodeling the basement ourselves and currently have our first medium term renter (We fully furnished the unit to squeeze more rent out). 

Tell the tenant that his opinion carries zero weight, so he must submit proof from an ACCEPTABLE expert to support his alleged foundation issue.Until then, he will be held liable for the terms of his lease, to the fullest extent of the law.

The First is in Crestview FL with a long-term military tenant. 

Can someone share insight on a standard or common structure for loan terms when you are a private lender?

It will all tie into my strategy (long and short term) step by step.

When rates are high you can charge higher rates, offer short term loans (12 months) and have some liquidity and make a decent return

Gradually increase the rent or be flexible in terms of them moving giving them time to find a new place without penalty of breaking a lease.

Look for a prime location, a tenant with strong corporate or franchisee credit, and a NNN long-term lease.

I would also ensure you can even qualify for the cost seg by making sure you either qualify for REPS(real estate professional status) or STR loophole (short term rental loophole)