How to protect Private Money lenders from liability

General Real Estate Investing
1

Say I want to purchase a property and have folks that would like to invest their money. I’m thinking that their name would be in the deed / title to the property and that each investor would use a promissory note for me to use their money.

What would be the options to protect the “private money” folks from any liability such as lawsuits from tentants should they arise.

Thanks and have a great 4th of July!
Bill

2

Non-member managers of an LLC, limited partners of a limited partnership, and shareholders of a corporation have no liability for the operation of the business venture as long as they take no part in management decision or act on behalf of the entity.

3

nor do lenders.