I always try to use NNN when possible since it provides the most financial advantages for the owner and protects them from fluctuations in taxes and property insurance (which is a huge protection here in Texas). 

The enhanced tenant protections benefit tenants and landlords, including 30-day notices before rent increases and lease expirations.

That leads me to believe they would want to protect their reputation.

You are protected, you make some money on interest, and your friend gets a much better price for their property.

Also that aggregate losses can exceed 25K over multiple years and carry forward indefinitely to protect future “passive” income.

However, as of the date of notification, it was evident that a pref equity raise was to protect the GP and their source of income, not the equity of the LPs.

The bonuses should demonstrate how much value they will add, if they believe and practice this shouldn't be a problem for them to get me and additional 50 to 100k more for every deal and that way they get a good deal As so will I. but if they can't do it at least I protected my self from given away my hard earned money!!

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

In this business you need to be assertive in protecting your interests and your business's interests. 

Your LLCs are mostly for asset protection.