If not, my sister is working in US, can I have her to back me up for the mortgage? 

I am looking at partnering with my sister with the goal of 1) helping her to buy a house in a the Bay Area 2) tax benefits and investment opportunity for myself. 

My sister in law pressed a 3 flat in cook county a year ago and the owner said all tenants paid on time and in full.

She is my sister. 

I think it is what Sisters was 20 years ago. 

I have no idea most of the time what I am doing as a mom, and I am not always the best sister and daughter - but what I do know is that I will be the first of all of my siblings to generate passive income, and create generational wealth for my beautiful girls. 

hi everyone. i've been thinking about using my mom and dad's house as a rental property and would like some input. i'll try to provide a lot of information while keeping my post short.regarding my family dynamic: my dad passed away and my mom is living by herself in the house. they want to leave the house to my siblings and i. there are 4 of us (2 sisters, 1 brother, me). my 2 sisters live out of state each in a different state and don't plan on moving back here. my brother and i live in state but we both have our own things going on and don't plan on moving back into the house. ive only spoken to one of my sisters about this.regarding the house: IIRC my mom did a refinance, i THINK because her name wasn't on the loan. for some reason only my dad's name was on the original loan. i'm not sure what the terms are of the loan but i think monthly payments are in the mid-$1000 per month. it's a 3 bedroom 2 1/2 bathroom house. comparable rents in the same city are (according to zillow) listed at over $3000 per month currently. i haven't looked in to property management costs yet.can anyone who's ever split a rental property one or multiple ways with family think of anything that all of us have to consider?

But, this is a small town in the country and this happens to be in my Sister's neighborhood which doesn't happen very often. 

This townhouse is in very good shape and is owned by a friend of my sisters.

This townhouse is in very good shape and in a nice part of town and is owned by a friend of my sisters.