One neighbor recently bought a barn type building that I bet he spent >$90k on rehab/septic/landscaping then another $35k for foreshore reclamation.  

San Leandro is a good bet, because many buyers are being squeezed out of Oakland and are moving south.  

Appreciation investing is dangerous and speculative, sort of like betting on sporting events. 

@Joshua GostonAs mentioned by others, speaking with an experienced syndication attorney is your best bet.

The 2nd , 3rd, etc. tenant placement fee should not be paid, or a refund of the original amount should be due.One way you can hedge your bets on getting a good tenant is that FINAL APPROVAL of a prospective tenant must go through you, the owner. 

They are easy to replace, the challange is finding an exact match.I would google Armstrong ceiling systems or USG ceiling systems that would probably be your best bet.

I bet dollars to donuts she'll take care of it.

I am going to ask to see one but I am willing bet there isn't one.

I'm willing to bet they left stuff they don't want.If you are unable to contact the tenant, then you have either a "holdover" or an "abandonment" which have different processes to follow.

The trick is that a lot of them (like the Weichert office I initially went to work for when I got licensed) tell a great story about "continuous, ongoing training", but fail to deliver.Best bet in my opinion is to talk with another agent who got great start-up help and sign on there.