How do structure a private money deal?

[Andrew Wiseman]

I am wanting to approach one close friend of mine on investing 200,000 as a down payment on a million dollar loan. This would be a deal to acquire 30 single family homes. I am not sure how to structure this deal. I don't know how to repay the 200,000. Can someone help me out with these numbers. I just want to be prepared before I just go and ask for the money. I need repayment options. The monthly income for the properties is 21,000. The monthly expenses are 14,700. The monthly cash flow is 6300. I will acquire the property for 1 million and rehab for 100,000. The ARV will be around 1.7 million. I will refinance after the rehabs are done.