Can anyone offer advice on this idea?

[Andrew Gudmunson]

I currently own a 5 bedroom that has quite a bit of equity I can leverage and I am interested in purchasing a small rental property. Here's the thing, I have a brother in law who goes to college in the city I'm interested in investing in (I live about 50 minutes away) and he wants to rent from us if we buy a property. The property itself is a 1 bedroom 1 bathroom just shy of 700 sq ft. More info here:See what I found on #Zillow! https://www.zillow.com/homedetails/417-8th-St-Clarkston-WA-99403/108171264_zpid My main question is if we pulled the trigger on this property would it be wise to rent to family, and would we rent full price or give him a good deal on the property? I'm very interested in flipping homes and have a lot of construction experience so I plan to do most of the work myself, and I was hoping to utilize my brother in law to offset my month to month carrying/holding costs while using him to help me with labor on remodels. I haven't done a walk through of the house but it looks feasible from the photos to add a 2nd bedroom if need be. I'm just wondering if anyone on here has been in a situation like this and if what I perceive as possible advantages may actually come back to bite me?

[Jay Hinrichs]

those are family questions   some will say never rent to family other will say no problem give them a deal they are family after all..