Utilizing other people's money (OPM)
I'm in the process of getting my finances together to purchase my second deal (Kansas City market). My girlfriend and I have enough saved up for a down payment on about a $200K property if we use a conventional mortgage. I've also spoken with some friends, family, and coworkers about my business venture and have had several folks express interest to invest $10K-$30K. I understand that these would be considered "gift funds" and maxed out at $10K if I wanted to use go for a personal mortgage.
What is the best option to tap into this potential investor pool? LLC? Other strategies? Want to make sure I set myself and my potential investors up for success from the get-go.