Is this consistent across all mineral types?

Not that I would do all of the rehab work myself, because that would take way to long while working full time, but because I feel I have a good idea of what it takes to complete renovations and different types of projects.  

@Jeff Pagano housing desirability partly depends on the type of housing.

I guess they just really do well with that type of policy.

In which case a BRRRR type strategy would be in place to pay cash and refi it back out after 6-12 months at 70-80% of the value of the home.

Now the house is under contract, I want to k ow if we can also place an offer...to allow a type of bidding war for the property?

I am thinking I want to do the landlord thing or a buy and hold type deal (if they are not the same thing?).

Fix and Flips are probably the riskiest type of investment if you don't know what you're doing.Buy and hold gives you a long-term solution that gives you more tax benefits and hopefully appreciation down the road. 

He is worried and wants his personal assets protected when investing (he is a high net worth individual).Does anybody have any suggestions how to structure an LLC for this type of business or deal in Georgia, or anywhere?

Age, construction type, and general conditions are just a few things that characterize multifamily classes.