Newbie questions from the lender side...

[Vonetta Booker]

I'm exploring the possibilities of being an HML (starting off on a smaller scale), and I have a few "newbie" questions for those who've done it for a while.

--Is it possible to start off by lending smaller amounts, like $20-$25k? 

--Is there a minimum lending term for newbie lenders, say 3-6 months?

--What is the average interest rate (or range) that lenders charge? 

--How do you vet someone to make sure they don't run off with or lose your cash? 

--What are the typical legal documents and terms that are set in place/signed to protect you? 

--And lastly, how do you connect w/ those who you lend to?

Thanks!