I need advice

[James L.]

So I have a family member that wants to sell me a house. I'm not real sure if it's a good deal or not ( well or worth the hassle ). Family members inheritated a house in Austin tx that is in pretty rough shape. They got it appraised at 240k, but  which is on the low end of comps in the area. But there are things that I know it needs that the appraiser didn't see. I think I might could get it for closer to 200k I think that if I put 70- 80k in the rehab it would have an AVR of around 370k.  I would ideally want to hold it and make a rental out of it.I have some emotional attachment to the property so I'm not sure it is clouding my judgement. The numbers are attractive but I'm feeling very unsure about it. Also having to deal with family is a pain. Any thought would be very helpful. Thanks