Newbie- Advice for (potentially) working with friends and family?

[Scott Fehrenkamp]

So, I've got two separate, but related, situations as I plan my way through starting out.

Looking to get into buy and hold/ rental /BRRR

1) Both my brother in law and a very good friend are contractors.  So, any repairs needed any future deals, could work with one of them

2) My parents have some investing experience; brought up the possibility of partnering.

Any thoughts on either or both of these situations?  Possible pitfalls to watch out for?

thanks!