Borrowing money from friends,family, and other

[Rich Vogel]

Hi All,

I know there is a lot of legality around borrowing money from people and soliciting business for borrowing.  I have some family and friends that are interested in holding notes on my rental properties.  What is the process that I need to go through with them to make sure everyone is protected.  Also what if some one who is not in my inner circle wants to invest in a note on my property? Do they have to be accredited? I want to make sure that I am doing this the right way.

Thanks for the help,

Rich Vogel