re: Poker & Stake terminology?
please remember that after said amount of hands, if it is decided to extend the stake, you can renegotiate the terms. Stake % is geared toward risk factor, among other things.
I typically have had my stakes send me $ once a month. If it's going well obv. As you move to higher limits, it can be as frequent as once a week.
65/35 for a short term stake w/o MU is not bad deal in your circumstance. Gives you a decent starting roll (I'd assume) w/ a chance to come out on your own in the near future.
How long is stake planned for if I may ask?