This is the first time I've heard of such a thing as a land swap, especially between a municipality and a private entity.

I think it's a great strategy.

I have over 30 years experience in operating office buildings in NJ and would be will to run the operating arm of these investments for a % of the deals.

I'm having a hard time believing that as I've never seen one installed like this. 

I had a heart-to-heart with the contractor and made it clear what our expectations were and no more money (he was asking for a second payment of a three payment contract) would come his way. 

A scam.

Tax credit 45L for a 90 unit or 112 unit project? 

If it was a community property state you could file them on Schedule E as a Qualified Joint Venture.

And 3 days a year I spend about 30 minutes pondering a repair, rent increase or turnover choice. 

I'll definitely take a look.