In terms of my preferred niche and strategies, I am pretty open-minded and flexible, but I do have a preference for cash-flowing multifamily rental properties implemented with the buy-and-hold or the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) investing strategy.

I know the steps, like making sure I get the agent to add certain contingency to cover myself, add an inspection period, making sure it goes through my preferred wholesaling friendly closing company, etc.

These lenders close faster, less docs/headaches [usually] and are where many investors prefer to go.To take it up a notch, if Cash-Flow is your primary concern and the name of the game, then there are also options for Interest-Only, through a 'Hybrid' term product.

I'm a bit daunted by the prospect of having to fend of intruders in the hours I prefer to be asleep.  

Yes, in most markets, having tenant owned homes is preferred for various reasons you're likely already aware of.

The norms for LP/GP split are typically preferred returns of 8-10% and 70/30 or 60/40 on profit.

They would like around 2k a month preferably less but willing to go a little higher.

I think I prefer mentality, even though they are almost synonymous.

I thought maybe he preferred the tax benefits that selling the llc offered (?).

What we found is that different areas (even locally) have different preferred sites.