Why not give the property to the one person best able to handle it, and then other assets to other folks to equalize as desired, or alternatively simply sell the property at death where there will be no gain and split the proceeds.

( desirable rental area, good schools with nearby shops, restaurants)?

My number for lean FIRE is $36k a year, so I should focus on higher-appreciating properties for the next few years to help me earn enough capital that I can then trade into properties that will produce $36k a year.

The amount of north city addresses usually on each list easily overwhelms the more desirable neighborhoods. 

Will they be actively involved in management or passive, earning a return based just on their investment?

I had a burning desire to find a new career path which would lead me to a future in which I could stop trading time for money.

I think once you verify with your home warranty company (ies) on coverage, home owner's insurance, lender and get hard numbers as far as PM's go (unless self managing), you consider the possibility of having a less desirable rental (if mixing long term and STR both- long term renters wouldn't usually want to have short term renters attached/that close by), your decision should be more easy to make based on numbers alone. 

If you were entitled, that is your income as you "earned" it. 

If you earn a commission, set it aside and keep living off your budget.

Hello Bigger Pockets Community,
I need some pointers and guidance here. I have read about 6 of the bigger pockets books. I've made myself knowledgeable on terms and types of investing , BUT the issue lies that I want...