Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

As per the TK provider business model, property was bought cheap and rehab done (work provided).

Arbitrage is one of the most challenging models to accomplish nowadays.

Make it part of your business model and focus on scaling vs managing.

Are you looking to invest in other people's deals as an LP?

Yes, some specialize in this and do very well but it's really nothing like any other tenancy model.

Self storage based on aself service model can be done while your golfing, out fishing, ortraveling.

Perhaps seek out and audit GPs and their private offerings and invest with them as an LP.

Additionally in terms of a GP/ LP relationship, would preference of LPs create the same dynamic in choosing one GP/Sponsor investment over another, if all technicals and numbers are the similar between two investment?

If you're starting with this model, it can be highly beneficial as it allows you to gain first-hand experience with the daily operations, actions that must be taken, requirements, market demands, and more.