Renting to Brother-in-Law Who is Starting College

[Adam Rasmussen]

My wife's brother is planning on attending college in the fall and will be about 250 miles away. Same state but just the other side of it. I am definitely new to real estate investing but would love to get some advice on this situation. My thought is that my wife and I could purchase a place (more than likely implement the BRRRR strategy) and rent to our future college grad.

I know renting to family is usually a no no but he is a good kid and my in-laws would absolutely step in if he somehow skipped out on payments or whatever issues came up. 

Does anyone have any experience or general advice. I am not super familiar with the area but I know a bit. I was thinking a perfect scenario would be to try to BRRRR a local property close to the campus and then rent out all of the rooms with one of them being to the sibling-in-law.

Any advice is greatly appreciated.