I would agree that buy and hold is the ultimate long term investing strategy but it certainly is the long game with low cash reward up front.

Not to say anything bad about your broker, but you will want to get to a point where you are taking 100% of the fees as your own broker or work out a deal where your broker doesn’t get paid on PM...unfortunately their is a lot of potential liability for your broker so I don’t see this happening or that the risk-reward scenario would be fair for them.   

So you must be an expert on real estate first before you LTR.LTR is more like semi-active real estate investment.There's always battle between reward/risk scenario which one is better, flipping or LTR, it really depends on the economic condition, your skillset, the future trajectory of interest rate and the local house market condition itself. 

By investing in New Orleans real estate, investors can potentially reap significant rewards and build a strong investment portfolio. 

Does anyone have any recommendations for the best point system (most reward) with banking with a specific bank?

Each person has their own Risk Reward.  

My biggest concern is obviously the risk factor, like any investment, risk is the name of the game "no risk no reward".

Regardless if you are in a lower price point area like $150k per transaction, or a $1.5M area, you are rewarded for production in either case and in the case of the lower price points, you may have to sell more houses to cap at $16k, but you can also reach the transaction count quicker after cap to qualify for your $16k back in stock.

Buying land, unless you an experienced developer, is speculative and is low reward but high risk.

Like anything else, pay for the right one and the rewards come but if you pay for the wrong one, you will be disappointed to some degree.