Investing with in laws

[Chloe Ralston]

We are looking to purchase a rental property deal through an LLC my husband and I have created. It's bigger than we originally planned for our first deal, but my father in-law offered to help and we are trying to find a way to make it work. It is a newer four plex and they are asking $550,000. We have $40,000 to put down and my father in-law is willing to put up to 100,000. We can purchase this property through the LLC or through the VA Loan that is available to us. How would I go about creating a deal that will benefit both parties if we decide to work with family?

**My father in law mentioned he would like to make his money back plus a percentage of the equity. My father in law would be a private investor, we would be the ones managing it.