I’d challenge you to go approach any sponsor and and ask them what percent of the deal they’d take.

Since this is a long-term investment, it’s still important to prioritize areas with strong population growth and a healthy job market—both are great indicators of long-term potential.

Are there any tax or management benefits to this approach?

Developing that trust with someone you don't know may seem like a challenge, but if you approach it correctly, you should be able to achieve a pretty solid foundation of trust.The best way is to talk to others who have had an experience investing with the sponsor already.

The only advantage to this approach is to use the retirement funds without incurring taxes right now (ie UBIT), so compounding.

However, for the purpose of a healthy and helpful discussion, I invite you to the the do the following exercise to get the facts first:1.

I am wondering if taking such a risk would stretch me really thin or is there a safer approach to take.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

If so, I am curious the thoughts and drives behind that, like, maybe really wanted exact answers to you so thought posting on your specifics was best approach? 

Also, be honest with yourself that the approach you describe is intended to take advantage of people who just don't understand what a terrible deal you are offering them.