The majority will most likely want an equity position in the deal, and since wouldn't have an active role I'd be getting into a syndication rather than just a JV.

Maybe your wife would be willing to take a lump sum based on the equity in the Air BnB. 

Hope it all works out in your favor. 

If its home that went through a remodel, typically there is not any sort of warranty and you will still experience some work orders come in.Either way, great option for some investors and currently there are still some deals out there that you can walk into equity with, which is typically why you'd want a non-turnkey property. builder warranties are for 1 year typically.. 

Unfortunately, this reassessment is unavoidable, so you’ll need to evaluate whether transferring the property is worth the potential tax increase.If a Transfer Is Not Feasible:If the potential property tax increase makes the transfer impractical, an alternative option is for your father-in-law to secure a Home Equity Line of Credit (HELOC) on the property.

Are you cashing out the equity and using additional revenue streams to get the 2nd one?

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Not to mention equity in those 10 properties.

Use it to gain some experience as a landlord and in two years leverage the equity to purchase a duplex.

Now my investor network as expanded and the best split I have experienced was 65/35 in my favor but I invested 40% of the cash and created over a million in imputed equity before any investor dollar was raised allowing me to originate a bank loan at 87% LTC.