I imagine that there is a blend of both, but which is more prevalent?

I'm hoping your agent is presenting you a blended policy or maximizing your paid up additions to be advantageous to you.Because you feel that you will be in the highest tax bracket the taxable equivalent yields may present well also.  

The goals would be equitable distribution to the 4 blended marriage kids, fair compensation to the kid who is executor,  and any instructions on whether to demand the 4 properties remain as income for future generations or sold to buy cars, trains and automobiles for the decendants.

I have the same one in my own house - originally because it blends well with my solar hot water heating system, although now I also take a loop off through a little plate frame heat exchanger to make 'boiler water' to heat my second floor.I didn't like buying the SS stack pipe so my next tankless will be a condensing Navien.

For me it is an in between of flipping and holding That sounds like a great blend of the two! 

I have 4 young kids age 4,5,6,7 (blended family, two are mine and two are my significant others) so I like the flexibility to be able to jump on the study modules when I have time.

Do you guys just pick the top 3-5 properties according to "Redfin's special blend", or do you do things a little bit differently?

If you don't intend to blend strategies to hedge risk then you're probably considering a private equity fund with a stated purpose/goal.Operating agreements in funds that take in dollars from passive investors are much more complicated than agreements for single-purpose transactions and they need to be crafted by a securities attorney who specializes in this type of law.

Mcdonald's and Chick Fil A have rent increases in primary term as cap rate is blended up.Even in great locations pharmacy is not at 3 caps.

For MF I have seen some 80% ltv but it depends the cap rate you are buying at.Even then rate is high for more risk like a 6%.If you go less LTV for first and have seller carry the second then you can try and blend the rate down into the 4's possibly between the 2 loans.