In my few years of 'flipping' I always went the high-end route because that was my background, building high-end homes, so I couldn't stand to do anything cheap or inferior.However I didn't always make money on the deals either... :-)

The finances make sense with regular insurance, but they don't with the fair plan. 

As far as groups go, there are many active investors in town and many have FB groups or meetup.com groups that meet regularly.

No real benefit that I can think of, and it will be more difficult because most regular loan programs will not lend to LLCs.1031?

During this time, the limited partner investors receive regular and ongoing cash flow distribution checks (usually every month).Once all the planned renovations are complete, the general partners sell the property, return the limited partners’ capital, and split the profits.

Lender is individual, not institution and not regularly in the business of lending.

The property in question is in a low income boring neighborhood, 1 block away from very low income area, a block from the bus route, but for some reason it is a little street that has mostly owner occupied houses, that are kept up nicely, and it is a quiet street. 

When treating REI (rental properties specifically) as a business, do you take all of the net cash flow as owner draws or do you treat this like a regular business and take say 30% of net profit as owner draws?

If you are going that route, I would definitely recommend expanding your search beyond the solutions mentioned above, both of which are extremely "green" and still building out their capabilities as of 2021. 

Either route you go, just make sure you understand all the terms so you know what the upside and possible downside is of each so you’re able to make an educated decision based on your own circumstances and risk tolerance.