While not in TN specifically, I have assisted clients do as you have described: live in a property as a principal residence for 2 years, rent it out for 3 years, then sell.Based on the situation described, you would appear to be eligible for the MFJ joint exclusion on principle residence on your 90% share.However, in order to retain that ability, the house will very likely need to be sold (ie, sale closed, not just under contract) by the end of this month. 

The cash flow is okay, it's not great, but the principal pay down on this loan is over $10k per year, and this is a great location, so the property value and rental rate will continue to appreciate over time.

Once you hit those numbers, then you can focus on putting extra income towards paying down principal.

low cashflow high appreciationNotes purchased in the secondary market at discount to remaining principal balance have the built in capital gain profit with potential for greater ROI thru early payoff or early PARTIAL paydown.  

Hey @Diaz Principe Nicolas.

I am the principal broker of Reafco.

@Diaz Principe Nicolas,I increase bookings on Airbnb by keeping updated photos and descriptions.

Cash flow, principal pay off and of course appreciation are all a function (percentage) of your portfolio value. 

With most good tenants there is not much to "manage".How much is your principal pay down?

You can use a calculator online to find out the principal and interest payment then just add annual taxes and insurance quote into the payment.