Hello,My mother-in law has about 700K in her retirement accounts and has suddenly needed to go into long term care (about 8K per month.)

If you want retail and industrial lease forms, you're probably going to either need to hire a lawyer or find them elsewhere.Also, forms of that nature might be state specific, as state laws can vary from state to state.

Milwaukee's landlord-tenant law's are fairly landlord friendly.

If I understand your post correctly, you will only have to pay for the fix up, not for the house itself (gift from father-in-law)?  

You should be able to command a premium for new along with high deposits, first/last months rent, etc. as much as law will allow and market will bear.Just remember, it's exceedingly unlikely that the place will look new when you get it back...

I don't know the laws in your state but Massachusetts is a tenant friendly state where you learn to keep it all business. 

That's probably something that will have to be in a seller disclosure (not sure of your state's laws), so you should always brag about it, not try to hide it. 

Those would be state/local laws and “common practice” by local judges. 

I will disagree that "licensing is easy to get," as the NMLS test is hard to pass AND even if you do, your entity must now begin quarterly and annual reporting to the NMLS System.Also, under Dodd Frank, if the above apply, you are probably required to document the borrower's ability to repay, and service the credit agreements/loans under the strict Dodd Frank loan servicing rules. 

The usury laws from what I have been able to learn about in California are very ambiguous as to what is legal and what is not.