I see similar listings up for $100-$180/night.I am preparing to get the property ready with about $3k in furniture, dishes, linens, and everything else to make it ready.

It is hard to prepare for me because I do not know if my next project is in 6 weeks or 6 months so interviewing now is sort of pointless. 

Now, I am preparing to file an eviction case.

You can't count on believing that the family member will not produce a handwritten lease (real or not), or other paperwork & tactics, to throw a big old wrench in your initial/expected timeline.You CAN expect that if they see you as the big old rich/developer/bad guy enemy, they will do as much damage as they can, and drag their feet as long as possible.See if you can feel out what the relative actually wants/ needs, connect/come prepared with info on resources for local "housing help" options, etc (perhaps), and figure out what you can do to solve the problem (cash for keys with an incentive for quicker move out timeframe?

You aren't prepared to go "all in".So, no money, no willingness to convert equity to money, leaves him with nothing he can do for you.

Your tenant sounds like a good tenant otherwise, but you should be sure that your jurisdictional rules changing from a term to M2M do not change in a way you are not prepared to handle.

Hi BP,In preparation of talking with a local realtor about a triplex I found, I wanted to know in addition to the below questions, is there anything else I may want to ask?

From there call the sec8 authority in that area and ask if they need more properties, and prepare for the laugh.

A fairer allocation of risk here would entail your partner signing for the loan and your providing the collateral. 

You need to be well prepared to do fix&flip model.