This also opens up the opportunity to attract tenants with higher levels of income.Ease of ownership Finally, the fact that the property has multiple owners means that there are multiple sets of hands to take care of the day-to-day operations of managing an investment property.

@Oliver Burke@Ryan Meyer nailed it. 

I wanted to use the cash out for a down payment on another property (conventional loan), and eventually buy another primary residence (VA loan).Any thoughts on the final numbers?

We finally closed on the property on June 28, 2021 and by the time we closed, rents had increased from $1650 to $1725.

I am a 22 year old who is about to start his last semester of college, then will finally graduate.

Finally at the end of 2020 my wife told me; "you are just wasting money on this".

Finally at the end of 2020 my wife told me; "you are just wasting money on this".

I’m going to see how the tenants attitude and behavior progresses for a couple of months to make my final decision but I was thinking of not renewing the lease to get around the eviction issue because I don’t have to renew a lease.

The final test is maximally productive. 

@Tyler Christiansen nailed it... nothing to add :)