In certain markets, renting may be more cost-effective than buying which means your monthly payment will be lower than if you owned a home.

Get lower paying job when fInally let go. 2-leave area foR saMe salary range and sell current rentals since I am not comfortable being long distance landlord. 3-cash out and pay taxes and penalties on ~$200k 401k and really jump start my rental portfolio to replace lost income. 4- some combination of these.

I'm assuming different GPs have varying levels of involvement they want from the LPs?

Other managers I have interviewed were at 50% first months with a lower % of gross rents.

I don't think you will find permanent financing at a lower rate than a Fannie-subsidized 30YF mortgage.

As @Tim Swierczek and @John Woodrich mentioned, the best way to get you to the next level in value is to do the subdividing and sell it to a developer who's going to do the roads and utilities. 

I hope to at least get some thought going at the individual level as to why we do what we do, especially when some have long ago attained their goals.

Maybe it means absolutely nothing and we keep climbing and making money, maybe we reach a peak and just stay around these levels, or maybe it's the early stages of something negative.

Vacancy runs like a mini office but with lower quality tenants and shorter leases.

Low minimums getting lower.