re: Purchasing a home from parent/family

Sounds like your cousin just a total POS, though.

My brother bought my grandmother's house from my dad and his two brothers and it's family financed and there have been zero issues. My brother got a good deal on a house that needed some love. My dad and uncles got fair market value, didn't have the hassle of listing the house and can earn a safe return on their money. It's a win for everyone.