I have been doing flips/BRRR's with my own money and would like to bring on family members to earn a return by loaning to me directly (not tied to a specific deal), at a fixed interest rate payable in one lump sum similar to a CD with a bank.If I do a promissory note through a title company attorney is this enough?

Similar to some of the other comments....don't wait too long and just do it. $1m does seem high but if you two can do it then go for it.

Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?

But it's sort of similar.

I believe it does have many similarities with LTR fully furnished, but I think it is somewhat different.  

A few years ago there were a similar company out there pitching the same.

If you think you might be in a similar situation, make sure to consult a professional.

If you want to be more hands on with it, I recommend something similar to the above.

It’s a straightforward way to access the funds, though keep in mind that interest rates may be higher since it’s a rental.Alternatively, you can consider a HELOC (Home Equity Line of Credit), which gives you flexibility by letting you borrow against the equity as needed, similar to a line of credit.

Hi Desstani,We recently found ourselves in a similar position.