All other factors (applicable documentation, terms/interest rates, title, requirements) seem to usually be about the same.

Most often the terms specify that distributions are first paid to satisfy the preferred return and second they are paid to return capital, so the capital account would look like this:$100,000 starting balance$8,000 preferred return accrual($8,000) preferred return distribution$100,000 ending balanceIn year two, there is another $8,000 due, etc.But partnership agreements can be written however the parties agree, so the rules could be different and that would result in entirely different calculations and results.

As a model, Techvestor syndicates (uses investor funds) to acquire, fit-out and operate short-term rental properties for profit in select markets across the US. 

This new form allows us to order a 1007 rent schedule with SHORT TERM RENTAL COMPS.

Interest rates are in the 6-7% range... so it doesn't take a rocket scientist to figure out if you are increasing your loan amount by ~$50k, and at a higher interest rate,  your payment has to go up or your terms have to extend.  

Does anyone know how if this will potentially affect mid-term rentals? 

What I can tell you is that if you get caught renting out a unit like that my guess is fines will out weigh the benefit.

Let the departing tenant know that she is on the hook for the terms of the lease until a new renter takes over.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities.

@Zach Chandler if you are going the self-manage route, which I highly recommend because it’s simple, as @Gerald Pitts mentions, use the Short Term Shop’s ‘Enemy Method’.