But when you're combining sales to purchase one asset like @Ratesh D. is contemplating you've got to be especially concerned with the date of the first sale. 

Before you contemplate those uneven distributions, talk to an experienced REI tax accountant, as there will be some unintended tax consequences, especially at sale, not to mention the complexity of arranging it and potential friction between the partners.

It is generally ok, and on average my tenants stay 2-3 years.  5 of the properties are within 10 minutes of where I live- and the other 5 are about a 1/2 hour away: 3 to the north, and 2 to the east, so they are bundled" somewhat, which helps.I am contemplating hiring a 3rd party. 

So modify Dave's plan D and you still may be able to get at least part of the dream painlessly.If you were contemplating on moving in and then selling vs holding till death. 

Imagine the background check coming back with:"a lengthy criminal record with prior arrests on allegations of assault, disorderly conduct, destruction of property, resisting arrest, theft, public intoxication, and possession of marijuana"I've applied for CCW.

This is the move (other than investing in different markets) that I am contemplating more and more as I look at MLS-listed properties around the Triangle.

I don't really care about traffic violations, but even a misdemeanor vandalism or assault charge would be 100% deal breakers for me.

It was a felony in 2011 aggravated assault with a deadly weapon.

It automatically does all this when we get a new booking over Airbnb or VRBO.It works great and is included in the Hospitable's monthly fee.In fact, I was contemplating moving over to OwnerRez to start working on a direct booking site but Hospitable works so good I'm kinda stuck.  

The STR which I am contemplating to switch is in a big ski town & does cash flow well.. trying to max it up & not worry about rising expenses in maintainence , read the other day about traveling nurses needing individual rooms & with a huge dearth in inventory for longer term accommodation - there possibly could be a more steadier & higher income stream