Just keep all your financial records regarding the purchase, improvements, holding costs, etc.

Cost is always a consideration, but since this isn't a pure investment, not looking at it as cash return, cost, value of improvements, etc. 

His reasons were: a) he can borrow capital improvement budget, thereby not diluting LP returns and b) he could not underwrite yield maintenance.He continued to imply that his business model will remain short term holds (under 5 years) so this debt works for him and is better than fixed rate.My question to this community: would you still be willing to invest with an operator taking out floating rate debt in today's world?

Then I could keep his/her deposit money and any capital improvements put into the building.

It is available at the large home improvement stores.

I’m so mad I can’t see straight and will be contacting my lawyer ASAP but has anyone ever heard of someone being able to make arbitrary “green space improvements” in some one else’s ROW.

There are several other things I have done in the last few years to improve my health but losing weight is the hardest and finally, I am on a journey for that part.  

.—(1) A materialman or laborer, either of whom is not in privity with the owner, or a subcontractor or sub-subcontractor who complies with the provisions of this part and is subject to the limitations thereof, has a lien on the real property improved for any money that is owed to him or her for labor, services, or materials furnished in accordance with his or her contract and with the direct contract and for any unpaid finance charges due under the lienor’s contract.

Educational Value: Will working with a fiduciary improve my overall financial literacy, particularly in real estate investment?

Divide how much extra monthly rent the improvements may lead to into the $30k cost to determine how many months it will take to recoup the investment.