These typically move a little more slowly.

Typically the less cash you have in the deal the higher IRR but that also is not always the smartest business model as if you over leverage and their is a market correction or if your cash flow is reduced you are very limited with your options

In addition to time a property manager will typically charge 1 months rent to fill a unit. 

We typically do one year leases with the option to renew at the end of the lease.

Matthew Ray hard money lenders are typically used for purchase/rehab and then refinance.

They are busy writing and closing deals for income with commissions.People that are just researching typically have to pay for the research and put in the work themselves if they are dabbling in stuff or just want an idea of things.You might find someone to do it but I do not know of anyone to be pulling data just for the heck of it.

I'm sure all banks are slightly different, but what's typical? 

However, as these properties are all brick construction, the typical insurance quote provides astronomical replacement estimates (~$1M each). 

Your role is to protect your interest.Arrangements like this typically require 3 sophisticated or represented parties.It is possible that 1 attorney could set up a new LLC (or other org) with each current LLC becoming a 1/3 member.  

The taxes are typically based on some prior sale amount-generally off by 50%.