With a joint lease, even if one or more tenants leave, it is the responsibility of the remaining tenants to find a replacement or cover the additional rental costs.

We're seeing these same trends in healthy markets all over the country.

To really get a lot of value out of your kitchen, and what really sells, I would look at ensuring the soft close of cabinets, dovetail Joints to Particle Board, and adding a pantry.

He mostly managed them in the past and his name and info is listed with Air BnB but we own all the property jointly. 

@Logan J.5% down is going to be very tough when competing with all-cash and much stronger financed offers unless you can prove you have a healthy cash position to make up for any difference in appraisal.

I have been accumulating a healthy amount of cash, and based on my market, even if I go with a "nicer" home to start, I still have plenty of cash for another smaller property.

Key is stable and low risk (Not looking for partner or joint venture that seems would increase the risk)So what type of investment and geographic location I need to look for?

I'm considering a couple partnerships/joint ventures.

I think Married filing jointly it would be $500K) so you would have cap gains on $120K https://www.fool.com/millionacres/taxes/capital-gains/complete-guide-capital-gains-tax-real-estate-sales/#:~:text=In%20a%20nutshell%2C%20your%20cost,not%20maintenance%20or%20necessary%20repairs). 

The property is also jointly owned by the spouses if that makes any difference.I've never dealt with this scenario before and would appreciate any insight.