Do not let your emotion make your decisions.  

The thing that I have no idea was real was all of the people trying to make emotional sales to gullible people making emotional decisions and using the Internet to do it.Be aware of that and I hope they do not take advantage of y'all.   

That way you're not "the bad guy".IF you insist on renting to them anyway.............Get BOTH names on the agreement and keep in mind that if Grandma.....who has the health issues and is paying the majority of the rent.......makes her transition....then you will have a VERY difficult time evicting your "friend" when he plays on your emotions as a "friend" as to why he can't come up with rent money.I'd stay away from this my friend

People glossing over serious issues because this is their dream home or they are tired of looking or they have some sort of emotional attachment to the area.

Personally, I would not, people tend to get very attached emotionally to their homes.

I've never used a PM to date, so take it with a grain of salt, but in my opinion, even though they deal with the day to day plumbing emergencies, rent collection, leasing and paperwork, you're still on the hook in court, financially, legally, emotionally.

AtlantaCriteriaDo not become emotionally attached to the property, but rather the deal.

Networking there could help you with successful investors and mentors.Remember that real estate has cycles that can effect how you do and do not buy based on emotions.  

Folks pitch the magic of emotional equity.

You don't want to mess with the emotional baggage of sisters being torn apart.Have them talk about the three options; one of you buy, both of you own and rent or both of you sell.