New and Need Private Lending Advice

[Edward Stewart]

I'm looking to get into rental properties and flipping, but since I am a soon to be graduate from college obtaining a traditional loan doesn't seem to be the path I'll be able to take at first. I have the option of private money loans through family/friends, but would like some advice on how to make the terms fair to myself and them on rental properties. Any advice in this situation would be highly appreciated, thanks!