Getting an investor to commit

[Lance Smith]

Hello,

So I have an interesting opportunity when it comes to a possible investor and I would like some information on how to get a commitment. My father-in-law is on the verge of retiring and is interested pursuing a business after retirement. He has stated he is very interested in real estate and understands it is an excellent avenue for wealth. However he has had a rental property in the past and states he hates dealing with the headaches. After reading many forums posts and blogs that touch on this subject I feel we can mitigate a majority of the difficulties in terms of tenants. This will obviously be a part of my presentation/proposal. As far as outcomes go, he has about 200k for investments purposes to which I can add 30k. This is more than enough to get started and despite him bringing up the idea I am finding it difficult to formulate a good presentation to get him to commit. I believe flipping would be the best course of action and then we could transition into rentals. Anyone have experience partnering with family? What was your course of action and how were the results? Please feel free to provide any advice or ask any questions. Thanks!