The brain damage and complexity would likely be a burden on the deal.If it were my deal, I would require the land to be transferred into the new LLC, or walk away.Land JV's are a hard sell to most land owners, You usually get hung up when the seller realizes they have to put their land value at risk (as the "investor"), and once you tell them they will subordinate to the new construction loan, that's normally where we lose most people.

I would connect with a knowledgeable realtor and pick their brain as well.

Reading this article from Derek Sivers a few years ago completely changed my philosophy on sharing projects - https://sivers.org/zipitFour different tests of 63 people found that those who kept their intentions private were more likely to achieve them than those who made them public and were acknowledged by others.Once you’ve told people of your intentions, it gives you a “premature sense of completeness.”You have “identity symbols” in your brain that make your self-image.

I'm local and im up for some meet-ups, partnerships or even brain-storming. 

Will be sending you a connect request - would love to pick your brain on Memphis.

agreed... most of those that I know with better than average wealth did exactly what this person did built a company and sold it.. seems like that would be the play.. not buying rentals and having to go through all that brain drain.NOTES would be a very good option for this person..

Find other investors to brain storm and learn from. 

Most of the people there that weren't brain dead were making a consistent $15k - $20k per month... 

Man finds it difficult to sell 300-foot NYC ferry he bought to convert into a waterborne dorm.

http://www.msnbc.msn.com/id/42396304/ns/us_news-weird_news/

And it's OK to have a heart, but you have to have a brain on top of it.