I was in a situation similar to yours and I have a duplex corner unit with a natural basement egress and tall enough ceilings.

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

😜)Sometimes the money I bring may be enough to buy the whole place, sometimes it will be the deposit, but in either situation it makes it real.Second issue, Fear.The biggest fear I always encounter is the fear that the debt owed against the estate will somehow attach to him/her personally.I find articles from attorneys that most closely meet their situation and while explaining to them that, “unless they personally signed for the debt, they will never personally responsible for the debt.”

They have high loan amounts and a very long draw period and long pay back period.

I can also get a Home Equity Loan from Better Mortgage for another $70k and then sell which would reduce the taxable amount to about $130kCurious on thoughts from others if you would prefer to try and rent it out again or sell and allocate the money elsewhere. 

So 30k in interest payments on a primary would only net most people an $800 tax deduction since they would have already got the standard deduction by default, where as 30k in rental interest would translate into 30k in deductions.This means that for an awful lot of people, they effectively don't get to deduct the interest on their primary.Keeping the loan on your rentals, while getting rid of the loan on your primary also helps from an asset protection side of things. 

Definitely consult with an accountant.However, in my situation, I have an EIN for each LLC.

You will have a crappy situation come up and you may have something stolen but if the numbers work despite the issues it makes sense. 

my guess is just water creeping in over the sill plate for both situations...but alas; I am not a structural engineer :(Happy to talk shop with you about the KC metro REI arena.

You need to meet tax and legal rules and work with real estate pros, loan brokers, accountants, and lawyers.