While you will have to pull your weight, the amount of work you'll be expected to do will be much less than if you owned the property all on your own.As you decide what you want to do, the biggest plus is the flexibility you have, as pointed out in a previous post.

They will have a reputation to upkeep, so most likely they will not give you bad contacts.

@Josh Darley instinct and gut feeling are worth their weight in gold. 

Yes, I admit there is a little hesitation; they are good tenants in that they pay on time, don't cause me hassles, and upkeep the property, so the idea of going through the process of finding new tenants plays a part in my hesitation.

If it is on its own lot, you have property taxes and are responsible for upkeep of the yard and infrastructure. 

My weighted average interest rate on my loans was around 6.5% (I’ve recently refinanced down to 4%). 2.

I also want to be doing two maintenance calls to the properties per year (I did this before and ensured good upkeep of the properties). 

The servicers are worth their weight in gold. 

As a hedge you can collect additional security and more heavily weight their income. 

We typically need 3,500 - 4,000 sqft of open space (no need for a roof as long as we stay in SoCal) in the backyard to take photographs, store, and service our machineries (small, compact 5,000 to 12,000 lbs weight excavators).