Before you contemplate those uneven distributions, talk to an experienced REI tax accountant, as there will be some unintended tax consequences, especially at sale, not to mention the complexity of arranging it and potential friction between the partners.

It is generally ok, and on average my tenants stay 2-3 years.  5 of the properties are within 10 minutes of where I live- and the other 5 are about a 1/2 hour away: 3 to the north, and 2 to the east, so they are bundled" somewhat, which helps.I am contemplating hiring a 3rd party. 

So modify Dave's plan D and you still may be able to get at least part of the dream painlessly.If you were contemplating on moving in and then selling vs holding till death. 

This is the move (other than investing in different markets) that I am contemplating more and more as I look at MLS-listed properties around the Triangle.

It automatically does all this when we get a new booking over Airbnb or VRBO.It works great and is included in the Hospitable's monthly fee.In fact, I was contemplating moving over to OwnerRez to start working on a direct booking site but Hospitable works so good I'm kinda stuck.  

The STR which I am contemplating to switch is in a big ski town & does cash flow well.. trying to max it up & not worry about rising expenses in maintainence , read the other day about traveling nurses needing individual rooms & with a huge dearth in inventory for longer term accommodation - there possibly could be a more steadier & higher income stream 

@Erik Hitzelberger I was contemplating a budget of 60K, but there are many areas where I think he's charging me way too much.

As the Committee contemplates the future path of the target range for the federal funds rate, it will continue to monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion, with a strong labor market and inflation near its symmetric 2 percent objective.In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its maximum employment objective and its symmetric 2 percent inflation objective.

It took me about three weeks on my first deal in my city from contemplation to close.

I would agree with you, that no matter where you're contemplating buying a property, due diligence is extremely important.