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Your offer to sell it to him for 5K was very nice, but you loose points for having that caveat for 50% of the difference if sold above the 5K. While its is logical and sound it complicates the situation and frankly sets up for problems down the line.
And yes, to echo everyone else, never do business with family.
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Michael D. Holloway
https://simple.m.wikipedia.org/wiki/Michael_D._Holloway
https://5thorderindustry.com/
https://www.amazon.com/s?k=michael+d+holloway&crid=3AWD8RUVY3E2F&sprefix= michael+d+holloway%2Caps%2C136&ref=nb_sb_noss_1
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