Snarky Brides

IN DESPERATE NEED OF SOME ADVICE!!!!

So my future in laws have offered there 2 bedroom spacious basement apartment to my FI and I to live in once we are married, for an exceptionally cheap price. Even offering to remodel parts of the kitchen and bathroom for us! Problem you may ask??? Although my future MIL is a very sweat lady, she's also intrucive and has a way of getting her way even though you may not agree with whatever the argument may be! I have told my FI that I would think about moving in and may consider it if his family would keep out of our business. My MIL response was that she understands and would give us our space, but I don't believe she will.
A little background info: my FI is the oldest of 2. His younger brother unfortunately passed away in a tragic accident 4 years ago. And while I am sympathetic with their loss, his family has since then relied on him to do EVERYTHING! From paying bills to running errands, using the excuse that they don't speak English. I feel that by us moving in with his family this will continue.
I should add that my FI is part owner of the family business, where he works EVERYDAY with his family. So it's not like they won't be seeing each other. Also, his cousin and uncle  live in the house as well, so not only will I be living with my in laws, but a whole extended family as well!!!

I've expressed to my FI that he needs to cut the umbilical cord but he sees that there is no wrong in "helping" his family out by moving in.  Not to mention, that he thinks it would be a great idea once we start having children with the convenience of having "babysitters" living right upstairs. And maybe possibly buying the house later on.
Am I wrong for not jumping on this "opportunity"? And if you agree with me, how can I tell my FI that I love his mother too much to eventually hate her without hurting his feelings????
HELP PLEASE!!!!!!
THANKS!

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