Remember, your typical renter doesn't think like you and I... that's why most of them are renting rather than buying... they want simplicity and lack of responsibility.

If you maintain your properties and typically do the right thing, insurance should protect you from just about anything.

When using private money for investing in a buy and hold property how is the deal structures typically?

I will not be living there, so house hacking is a grey area (essentially I would be lying about living on site if I went that direction).

Typically at these events you have a mix of people looking to learn and there will probably be sales pitches. 

Typical worthless attorneys.

What would be the typical terms that I have to pay it back?

Once we 'assume the contract', how does that compare to a typical escrow?  

What you're essentially asking for is legal advice, and for that you should seek out an attorney knowledgeable in this type of law. 

Close in a exterior area and make it into a air conditioned workout roomConvert a garage into a large living areaRepaint outside of the houseChange from typical arizona rock yard to grass in front and back yard.