I’d love to hear your thoughts on the best course of action in this situation.

Financing might be a challenge.I would recommend consulting with a attorney, loan officer, and CPA to discuss your specific situation and determine the best course of action. 

Of course, this is all done before we spend money on inspections, etc.It's all about the relationship you develop with the team on the ground.

I recommend you take some courses on underwriting that are geared towards passive investors.

One I know is based in LA as that's a huge market of course..

Nothing is foolproof of course, but having another investor in your market make a suggestion at least gets us on the right foot. 

Of course don't go there just looking for business, you go because you believe in whatever the group is doing. 

My thought is along with others scaling and taking care of 20 plus set of books is a ton of work :)  so for those of us active in the business of course we would think we can just do this ourselves and of course we can The "passivity" is worth 50% of equity versus other forms of investments available in the market?

Don't buy anymore land courses and just take MASSIVE ACTION.

It isn't a big job but I don't want things to go south so I stay in it.Of course I practically live on this forum so I pass along any pertinent info I find as well as answer questions.