First property House Hack

[Cade Miller]

Hello! I just recently purchased a home that I intend to live in while I attend school. I am planning to live with a couple of friends of mine and was wondering how I should structure a lease agreement. I'm still very new to this and considering it is the first house I intend to generate cash flow with, I want to take as many precautions as I can. My question is, should I come up with a lease as if I am renting the place out to strangers? Would the lease agreements from BiggerPockets work for my situation? Also, what recommendations do you have for collecting rent?