Worth area a great market to own long term rentals.

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

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

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.

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

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

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.

The answer varies greatly depending on the arrangement of your deal with the owner/landlord but in general you need renters insurance to cover your contents (since you are renter presumably) and then excess liability coverage for your short term rental activities.