Treat your family private lender like (or better than) any other private or HML: promissory note and lien recorded against the property.

I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options 

"In a 2016 paper, Mark Zandi, chief economist at Moody’s Analytics, estimated that full privatization of Fannie and Freddie would cost the typical American taking out a new mortgage $1,200 annually.

Further, you can ask any student I have individually or privately coached, and I am sure they will agree that I have done nothing but championed for their success.  

Ensure your flip profits exceed the LOC costs, maintain a financial buffer, and compare it to private or hard money loans.

Now, this was all done with someone's private money so is it private money or hard money?

How about a house with an ADU, or a basement with a private entrance that can be rented out?

I sent you a private message.

So property is private.

So he know about private lending