I would see if you could pay a little extra to put a cap on the float in years 6-10.

You pay taxes on what is left for you, presumable your half, in whichever way you calculate it.Some of my colleagues will disagree, but I maintain that individuals do NOT issue 1099-INT, ever.

Also, how much extra do you have squirreled away for deposit/rehab costs?

If I do a private loan, would that be an unsecured loan or is there a way after the property is purchased to tie it to this loan so they have extra security?

Also consider increased wear and tear, eg on plumbing with all the extra laundry/washing/little kid bladders etc. 

Dogs, you can charge extra for. 

I did this before and unfortunately, I was dragged along for almost a year, but then again this was partially due to the borrower and his lack of due diligence (I’ll take blame too for partnering with the individual) but I like to think that the mistakes I had seen wouldn’t take place if the project was under my watch or to the very least the situation would be handled differently.The properties and deals that I generally see and come across in the South Jersey and Central Jersey areas would need a gap lender that would bring roughly 25 – 45K to the table depending on the area.

@Derek Tonn, I agree with Brent; spring for any extra marketing touches.  

These subpoenas shall be served upon the unlicensed individual personally or by any type of mailing requiring a return receipt and shall include a statement of the manner in which the unlicensed person shall be required to respond to the commission.B.

As I mentioned he was an individual managing the properties and so there was no owner portal, etc.