I wasnt going to move in just make sure its winterized or hire people to be ready because they will be booked.

If they owe money and do not pay they are criminals in my book and I treat them accordingly.To simply decide it will not pay off and therefor is not worth seeking justice is a defeatist attitude.

I have spent the last 6+ months learning everything there is to RE, read nearly every pertinent book, listened to webinars/podcasts, attended landlord classes, analyzed countless properties.  

I've been reading some books lately and I'm trying to soak up as much as I can.

Scott's books on flipping houses?

Could I get any opinions from those who have the book on the value of the book content? 

I did research, read books, listened to podcasts, and met with people who had real estate experience for about 2 years.

While reading "The Book on Rental Property Investing" I became interested in the potential of renting properties with a good price to rent ratio.

A standard landlord policy should do the trick, since I assume you are talking about a SFH.Tip:  I would recommend getting the property in an LLC as well.Joe

If they are family, and they meet your opening standards, you would be wise to communicate with them what the next step would be; rejecting someone on paper for no apparent reason could leave you open to a discrimination claim.