In the meantime, it’s 8% preferred return (cumulative) and 75/25 split (75 to investors) on any excess rental income.

The question that becomes important is the D.S.C.R. and the ability to obtain the properties individually.

., your good deal may be priced at $80/sqft "all-in" in the submarket where retail houses are priced at $110/sqft and rents are above $1/sqft.You need to know these numbers before looking at individual properties.

While I am familiar with the ADA response to this topic -essentially all favorable to a tenant, but it appears there is an abuse of the definition as they are all employed, functional individuals who leave the assistive pet at home all day.

Then personalizing an individuals RE short term rental data with functionality tools similar to what AirDNA and Mashvisor have.

Preferred is 2 seperate leases, just not entirely sure if this is legal. 

When you say, "track each property within its own class for accounting purposes," I assume you mean, can you track properties individually or only grouped together?  

Is there a possibility that it can be sold out seperately as a individual units later?

So I much prefer my properties closer to DC where the rents grow considerably.

An individual helper could possibly help you keep organized depending on their skills.