What's a fair rate of return to offer to another investor?

[Brandon Moryl]

I'm investor in the Cincinnati area and till now I utilize mostly my own cash.  I was working a full time job and my wife and I were both RE agents (I just banked my license).  I'm looking to run more than one or two at a time and would like to offer my investor friends a fair rate of return first before going to banks or hard money.  The wife and I run with 60k to 130k cash on hand and I wish to leverage this to obtain multiple properties.  My two thoughts are use cash to obtain property then either go to local bank and give a first position and take out 50% or whatever's needed that way I can move onto purchasing another.  Any suggestions of a great bank for this would be nice.  Higher interest is not an issue but I wont pay points or high closing cost.

     I have investors and people coming up to me all the time that would be willing to put up the money but they traditionally want ownership or they are regular Joe's just getting killed in the stock market.  So with interest rates low I know it's not wise to offer too much but I would like to give friends the chance to earn some money.  So what would be a fair amount to offer people?  Would you give a first position to someone in order to secure the deal and give them peace of mind?