The legal docs to investments like these are usually pretty locked in and there is a very deep understanding that projections are just that and not guaranteed, and the legal docs usually give the syndicators room to maneuver away from the original business plan if they feel it's the best decision. 

PS if you're really fired up about starting your journey, take a look at our BPCON 2024, it's in Cancun October 6-8th and it may feel like diving into the deep end but making that investment in yourself and your REI education can make a monumental impact as you get started!

I saw their rating go down and should have taken that as a red-flag.

SA native, new to real estate investing and jumped into the deep end.

There is so many "red-flags" here I am not sure where to start..... - you state it's an "executive" townhouse.

Quote from @George Red: Interesting, maybe a "payment holiday" on next year's taxes for the amount people have paid over what they would have otherwise been required to pay  with the errant assessments.

Opt for a property management company with deep regional expertise to get the most out of your investment.Property Expertise: Look for a firm that has experience managing properties similar to yours and is familiar with your asset class’s specific challenges.Company Culture: Choose a firm with a customer-focused culture that values team management and service, as this directly affects property performance.Market Reputation: Speak with local brokers and visit managed properties to get a sense of the company’s track record.By focusing on these factors, you can find a property management company that aligns with your goals and delivers real value.

Sits on a deep water ditch/canal.

Sits on a deep water ditch/canal.

If you do research ahead of time, what are some red flags that would cause you to back out of a deal or add a couple thousand to the deal cost for legal battles/ cash for keys?