We've just placed an offered on a property that has  tons of potential and is in a great location in my opinion. 

Raising the rents is just a meaner way of accomplishing the same thing in my opinion because you would be asking them to pay the higher rent for a property that isn't in a condition to justify the higher rent.

David Greene and I are both out of state investors and love educating those on the process, we hold monthly free seminars in the bay area if you are interested in attending, please let me know, we are here to help!

Try searching that area on www.NARPM.org there you will find the best educated and professional PM's

There are many experienced investors on here that will analyze your deal and make sure it is structured correctly.So in summary, the first thing I would do as a real estate investor is EDUCATE MYSELF.And we are happy to help in any way we can.Once again, congratulations and I wish you the best in your real estate investment career, Jason!

The reason is so you are educated on the legal and ethical aspects of selling homes. 

It sets a precedent in the judges opinion and it doesn't look good on you.

What are everyone else's opinions on this?

I have a family member who will loan me money to start set up my LLC as well as for other things, but they will not under any circumstances loan me money to purchase more education due to all the education my late wife and I have already purchased, and they check my purchases.

Because if its just your sibling then this is a shady way of stealing the property from him/her.In my opinion, I would have a serious chat with all the parties that is going to be affected by this proposal: you, your father and your sibling.