I'm guessing the former given your profile.

I guess the goal would be financial freedom, though I don't know that either of us are going to quit our jobs in the next 5-10 years. 

My guess is that we are still on the cusp of a new paradigm of how syndicated real estate deals are marketed and how investors choose to invest.

And rental income i guess but for now it's all going into rehab.

I guess I'm more conservative than others. 

Gotta be careful doing AirBnb and STR's down here with all the restrictions and regulations.I know people doing them successfully in Broward but it's very tough in Dade and Palm Beach.My guess would be that Broward is next on the list to tighten things up so just be prepared in case.

Known vs unknown I guess. 

If i was to guess id say 60k

I guess I like the idea of buy and hold renting so that it is an asset that I will keep and continue to cash flow, but if the numbers make more sense to sell and acquire more properties then that is something to consider.

If not, they wouldn't be shielded from self-employment tax just by taking them as profit distributions anyway.In other words, my guess is that you're paying the same self-employment taxes in either situation.Now, all that said, I'm not a tax professional, so don't rely on any of this from a tax standpoint.