I currently have a house with my sister and we rent out our vacant rooms.

I will take it as a bigger brother/sister giving good advise to his younger brother and take it as a learning experience and not take offence.

Properties that show high cap rates/cash flow (on loopnet fyi) will often be older and in lower income areas, which can sometimes mean more labor/repairs/costs and more tenant issues.For good cities to invest in that are strong, stable and have a good outlook, look for tech cities, lots of young people moving to them, population growth, sister cities (near an overpriced area) job growth, diverse economies, little to know natural disasters, good price to rent ratio (try smartasset.com), meaning good rent for the price of the home. 

Three older sisters.

Originally posted by Maria Neil:...

I had a very similar situation not with a rental, but with my former sister-in-law's neighbor.

She is advising us to get her husband and his girlfriend out of the house so she and her sister can move in.

She sued for her medical bills against the home owners insurance policy.That's how that's supposed to work....and the world crucified her for it.As a child, our family dog bit one of my sisters friends in the face.

A while back my sister who is my partner on a home decided to put it on some website on the internet with her phone number. 

My wife and sister thought it was unethical, but the way I see it is:"I buy houses" means Taylor Jennings does"We buy houses" means my partners and I which includes any one of my buyersI tell sellers up front that if their house fits my criteria then I will purchase it myself, but if not then one of my investors may.I feel that is pretty transparent.