I would read the PPM carefully, and understand how the Syndicator is getting compensated. 

You just have to be careful because some sales agents will just advise you to over improve the property because it makes their job easier.

If so, there might be a way to make the HOA take care of the issue as it is part of everyone's sewer and not just yours.I would get it scoped out.

It all depends on the market and if tenants actually care about having a new sidewalk and walkway. 

Well, come tax time, I had to unravel 3 LLCs with quite a bit of expense and am paying double tax because of their lack of care and knowledge.

.- It costs me me less to turn over my 1500 SF units that rent for $3k/m then it does the same size section 8 unit because the property is cared for better and experiences less  wear and tear while fixed costs like cleaning and painting are easier to absorb. 

Be careful taking any loan without knowing your numbers. 

However, be cautious—newer “B” properties are sometimes built in “C” neighborhoods, so careful due diligence is required.Monroe: As mentioned earlier, Monroe strikes a balance, making it a versatile option for investors.Trends to WatchTransit-Oriented Development: Areas near light rail expansions are seeing significant value increases.Suburban Growth: The suburbs around Charlotte, including areas like Concord, Huntersville, and Monroe, are experiencing steady growth as people seek more affordable housing outside the city center.When investing in Charlotte, aligning your neighborhood choice with your goals is essential.

If the purchase is done in cash, as you mentioned, they’d have more flexibility, but they’ll still want to carefully consider the tax and legal implications of the subsequent sales.I hope this helps, and good luck with your client’s deal!

I suspect that whatever the reason, CA experienced investors could state why it is BS.The reality is - CA RE has on average produced better return than any other state.