Both signed the sales contract.  

All new windows installed last year.Relevant numbers:Purchase price: $390,000 @ 3.00% rate, 20% downRemaining mortgage: $278,000Estimated sale price: $475k-$500k (I have spoken to a realtor)Estimate rental rate: $3000-$3200/month (I have spoken to a rental specialist)Current monthly payment (mortgage, insurance, tax, HOA): $2,200Happy to provide any other info that might be useful. 

@Linda Acker tax sale has become so popular the competition has driven the returns way down and the risk way up.

Tax Sale, Forfeited Land Commission BidThe tax sale is conducted as a public auction.

Could show pricing trends for certain areas - list to sale ratio, # of houses sold in a certain area, # of listings in a certain areaSeems like there is a good bit you show on a map, especially location wise to show the best locations. 

My father-in-law had purchased it years back, and when he no longer wanted to keep it, we negotiated a direct sale.

Or at least consolidate into fewer replacement properties to lessen your management headache.Depending on the partnership structure each of you could do a 1031 of your percent interest in the property and go your own ways and still defer the tax on your interest in the sale of the properties.

Right now what I am seeing is lower rents compared to sales prices. 

You agree on an interest rate and term, and pay them monthly or balloon at refi/sale. 

Selling your house without an agent as a “For Sale by Owner” (FSBO) may be something you’ve considered.