If you're looking to treat this as a regular rental, then charging undermarket rent throws a monkey wrench in that. 

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

Treat the stabilization of the property as the start of the seasoning period which is when the construction is completed and property is leased.

How do they treat people that are close to them?

We would like for the investment to be treated as active, of course.

Treat it as such or the tenants will try to take advantage of you as well.If you jump rent $400 per month they could just move out.

It also gets treated differently in Texas vs CA vs AZ.

Treat it as your business and baby.

Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

I’ve been contacted by the Angi company but I’ve read a lot of negative comments regarding how the treat their contractors.