The most overrated quality in a potential cofounder is experience. The most underrated is not flaking.
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All other things being equal, family members do make good cofounders. This is an instance of the more general rule that it's good to have cofounders (a) you've known for a while and (b) that you're tied to by more than the startup.
But you also have to be careful of a sort of nepotism that can bias your choices in the case of family members. You don't want to pick your brother just because he's your brother. But if you have a bunch of equally promising candidates and one is family, pick that one.
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high school/uni best friends?
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That's a good point
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