Meaning, I would prefer that this be a learning process rather than a purely passive endeavor.Does this kind of JV exist?

But, I also observe that if you are the developer of the deal, you will be able to leave your sweat equity for managing the development process in the deal, and this might make the economics different versus a pure purchase of existing units. 

The just wanted to capture the gains, or were just purely burnout landlords?

Still, my knowledge is purely book knowledge and I have no real experience so I am always reluctant to pass on anything I learned to someone asking a question.

I mean, the only conceivable motive for the property manager somehow orchestrating this is pure childish spite. 

Hi John,I like the Hemet area; I have family there.With your plan of purchasing a duplex, are you planning on house hacking it (living in one side) or is it a pure investment?

Here is a link to an index of median housing costs across the United States. https://www.experian.com/blogs...From a purely “making your money go furthest”, where it costs the least to buy your properties, any money in hand would go the furthest.  

Every year we have to budget between 2 & 3 months of pure rental income to pay the tax man, usually closer to 2 months' worth than 3 regardless of tax breaks. 

Then you have 0 recurring expenses and basically a paid for unit after just a few months of renting it out and then it's just pure 100% income with little to no expenses other than occasional cleaning.Trailer trash isn't really considered much when people are just renting out for a few days to a few weeks on air bnb for a vacation.RV sales, renting, etc are exploding now that homes have become so expensive.

Many folks out there may not be genuine, so it's best to find opportunities where you can be a purely passive accredited investor.If you need any further assistance or have more questions, feel free to reach out.