Sometimes your risk reward changes substantially with the types of projects you can get into for one vs the other.As some other posters have alluded to, time constraints drive a lot - a light rehab/cosmetic buy and hold is possible for navigating while having a 'regular' job - and certainly managing rentals while working is possible as well.The last one, and I'm surprised no one has mentioned this - is market specific. 

These look very helpful in navigating my BiggerPockets beginning!

I have my girlfriend's brother, who is property manager, to help me navigate the rules in our state. 

It is a daily challenge to navigate the local, county, state and federal governments; local Code Enforcement, Housing Authorities, Department of Real Estate, Franchise Tax Board, Secretary of State, IRS, Dept. of Fair Housing & Employment, HUD...to name a few. 

Maybe I can help, if you are still trying to navigate this situation.

Glad to hear you seemed to navigate it effectively.

In my opinion, you can buy a property under your names (all three), but still use an operating agreement to help you navigate through the management of the business.

I used to discount the Airbnb, but I just make it the same and if I get a listing on air then great if not not big loss.As far as maintaining a other site it is just a bunch of copying and pasting and uploading same pictures.I find the air site and app a little more cumbersome to navigate and find things but I would recommend using it to pick up a few more listings.

I am still learning to navigate around BP.

Under contract now and trying to navigate our way through inspection/concessions.