I have the most beautiful property in the neighborhood - which is a problem :-) - I did not study the neighborhood in great detail to realize that the property might not sell at the price point I was aiming for.

One of the realizations during the process was that it would have been helpful to have a boots on the ground person doing informal inspections on the property.

By 3-6 months they realize they are sitting in the same property they wanted to get rid of and might be open to off-market (no realtor, they blame everything on them) deals.

My idea is to sell my house to the LLC biz (which I realize is a sole-proprietorship to the IRS), and take advantage of the Home Sale Exemption for those capital gains.

I found him because I wanted to lease or sell the land, but I realized the price didn’t change much since we first bought it, and we have been paying property tax and fines for years with no income..I am just thinking 25% is very high for property management since I will reimburse him all the cost for getting the land ready  

At some point, likely retirement, when one’s income drops low enough that you can claim the losses you can start realizing the benefits by way of tax deductions.

I've realized simply having $1-2 million in a 401k doesn't go very far, nor is it accessible until your 60s.What are your thoughts? 

I realize each situation (partner, property...ect) are different but is there a general starting offer to give a potential partner.

Now, I am realizing I don't really know what to do when/if I get calls back.I am planning on purchasing 1 property in cash to start.

Once I realized this, it was a no-brainer for me to start investing my money asap.