Well you have to consider which investors your targeting in the future. Since many of your ideas seem to be short term catalyst driven tax exempt investors will enjoy superior returns.
Small funds usually cost about $20,000 $40,000 to setup.
Consider fund admin and audit as well. Do you want small offices as support or medium sized enterprises ($2B+) for admin? Do you want second tier auditors BDO, Grant Thornton, etc. or one of the big four? It just depends how aggressive you are about raising capital in my opinion, the pricier options are brands which lend some credibility to your operation. (This is based on perspectives here in the Middle East, however I feel it might still apply in the states.)
The legal structure you choose will matter if your ever going to consider a master/feeder structure for onshore/offshore investors.
The most valuable advice I got was to add a pay in kind clause to the offering documents. Its just like how warren distributed the BRK shares to the original partners. If you ever think permanent capital might be more attractive than fees this is an issue you must think about.