While the wealth of knowledge and experience on BiggerPockets is wide and deep, I would not trust a decision like this to the internet, I would ask you CPA and if you do not have one find one who specializes in this sort of thing.

I have them all replaced. 2. curtains/drapes are stained with food and whatever red, purple color. 3.

I guess I need to do a deep dive and see where the value is, but I know there’s no leads coming in.  

Whether intent is there or not, you will be accused of redlining if you spin "red yellow green" or similar color coded market maps to identify places to invest or move.  

I've syndicated multifamily offerings myself, and I have deep seated opinions in underwriting and asset management.There's one thing I seems to be consistent across the industry that I vehemently disagree with, and that's the expense escalator(YOY increases) for insurance.I STILL see people underwriting for 3% YOY insurance increases.

There have been quite a number of red flags and warnings in this thread and many of your responses tend to be, "but what about this and this is why that is" leading me to believe you have already made up your mind that moving forward is a good idea so I wont try and change your mind but again, warn you that some things in this syndication are outside the norm and the promised rates of return (STR's in the package included) are abnormally high leading me to believe that the investors will have a much higher chance of disappointment than satisfaction.

There were some red flags during the acquisition process but their PM team has proven to be flat out mediocre. 

We wouldn't have to dive too deep and could issue you a preliminary term sheet pretty quickly, so you know what you're possibly looking at. 

While a low fund isn't an automatic red flag, it's definitely something to look deeper into.

Every unit is safe and would pass inspection, I'm just getting screwed by government red tape..