With in regards to inspections, if you do enough inspections, make friendships with the inspectors and often they will let my handyman do the fixes day of and send pictures so I am not waiting the allocated 2 weeks for re-inspection. 

The asset protection benefit is that I can utilize Special Allocation strategies whereby, I, as a natural personal individual, would own less than 10% of this new Partnership/LLC and my SMLLC would own the remainder 90% thus the majority tax responsibility would flow through to the SMLLC.Any thoughts from the professionals of BP is greatly appreciated!

If your portfolio is allocated more towards equity, you probably will be able to take out closer to the 50% amount of your portfolio value, which would be $50k~.

And you can allocate your proceeds in any way you want. 

While multi-family units can offer higher cash flow, they often come with increased management complexity and tenant turnover, aligning with your goal to minimize hassle.Investment Allocation: With a budget of $300k, diversifying across several SFHs in Raleigh could maximize both cash flow and appreciation potential.

I too have attempted to find parterns for deals and played with JV allocations to get this to the right place... and its still a work in progress.The answer seems to be in the amount of marketing you are willing to put out there.

I'd get rid of the consumer debt, then focus on increasing your allocation to equities and starting some fixed income.

The other method is do a straight cash out refinance up to 80% where you can use it for renovation and allocation the remaining funds to invest.

That being said, your allocation to net worth/PFS should be calculated based on shares you own in the deal.

You should consult with a tax professional to determine the most appropriate allocation method.