What type of terms are usually acceptable to a PML (as far as length of time to pay back and interest charged)?

Starting a post like this will usually get you some people contacting you with possible deals.

Money partners usually want more equity up front because they feel (and arguably do) have more on the line. 

Generally speaking, if you are looking to live in the property or rent it out and be getting a loan from a conventional lender, you are better off putting under your name, simply because you'll have a hard time getting a loan otherwise.If you'll be flipping, an LLC is better but the capital you need upfront is usually larger.It all depends.Hope it helps.

Typical breakout is usually 60/40 but depends on the property.

But in that market price usually trumps nice.

Yeah I’m usually all for paying the expert and I will eventually in this case, too.

Many people who have been foreclosed and evicted from their homes will rent the home to tenants to collect whatever money they can, knowing they have no power to honor the lease (also usually month to month).

Those properties can be found on their websites, usually subject to last minute changes.Auction dot com and Zillow and some others will often list those properties, but those are just aggregated lists.

I agree with Amy that an emergency fund is critical - usually a guideline of 6 months of salary is what I hear.