@Bradley Buxton makes a very good point to make sure to do your due diligence as you won't be an owner occupant like your in-laws.Last bit of advice: Because this is a friendly deal, you want to take your time to make sure you structure it in a way that maximizes tax and cashflow benefits for both parties. 

@Paige Corsello...You could call your bank contacts and find out if they are broker friendly.

I found this deal from my friends parents who live directly across the street.

Then came Dale Carnegie’s How to Win Friends and Influence People.

Cheers, my friend! 

I’m looking for some advice on a fix/flip property that I purchased with two friends almost two years ago.

I have a friend that owns over 60 rentals in his personal name and he's never been sued.

my last post on this subject.I ran into a small company  6 folks involved  boy friend girl friends  they read rich dad book then went to a guru presentation and learned about wrapping notes which of course is the bizz model your talking about.

one thing is your lending your money way under what private money should charge. unless your just doing your friends a favor..

Im not a realtor, but i do know of many investor friendly agents here.