First time raising money. What is the correct way to do things?

[Steve Buchanan]

This will be my first time raising money from friends and family so I want to make sure I do things correctly. I'm looking to raise funds in exchange for interest payments to do some rehab on a property I currently own (there is an existing mortgage on it) and then I will either sell the property or refinance in 6-12 months and pay investors back. 

My thoughts are that I will hire an attorney to draft up a promissory note and deed of trust or mortgage (we are in California so deed of trust?). Then once all parties sign and funds are transferred who records the documents with the city? Can the attorney do this or do I hire escrow or title to do it? Once this is complete does anyone have a recommendation for a loan servicer that can mail out monthly interest checks to investors for a small fee? Anything I'm missing? Thanks in advance for the help.