Being able to partner my 401k with my IRA sounds like a useful tool " The juices are flowing !".

I'm sure you've seen the crap a tenant can try to get down a drain, but first it sat on the counter top.i had a tenant pour their bong juice down the SS kitchen sink.

I am also a bit confused as I was agreeing, as a person who has been inside of the MMHA world, I don't see the value what so ever, for anyone, and I feel sympathy with the landlords who don't have the "juice" to call up the governors office or similar and get a call back in 15 minutes, that's what the MMHA and similar are supposed to be but in my experience they don't.

Unless you have significant other assets to protect, the juice probably isn't worth the squeeze for just one property.Hold the mortgage in a LLC?

But its tough  .. bottom line like my Daddy always said Real Estate is a belly to belly business.. got to get close to those that are going to help you..   

You need to make sure the "juice is worth the squeeze".

He might want it to remain raw land that never gets touched.Probably back in the day the defunct developer penciled in cheaper labor and construction costs to try and make lower density work and even back then found out it wasn't feasible.Probably the cheapest thing you might could do is offer to take the guy to dinner on you and see where he is coming from, show empathy, and see if there is a WIN-WIN in there somewhere.If not sometimes the juice isn't worth the squeeze at all ever or just ( that particular moment in time ).You do not want to obligate yourself to thin deals.

I'm old school and just getting the hang of online rent payment software (awesome juice -btw), therefore, I didn't respond much to these solicitations. 

That can juice your returns.Whether this is a good deal or not depends on your goals.

Issue is it is always built upon a certain market cycle and standing, then when market changes it's either under-performing for property owners who leave and use standard PM to make much more, or the moment their is any bumps in the road it sucks the business dry of all capital and it goes belly up like a road scorched turtle in the Nevada desert.