Just be aware of the downside.As to passive investing in a syndication, this is a very common outlet for people that have limited time, experience, resources, and/or relationships to invest in multifamily on their own, or simply do not want to invest in it on their own, opting instead for the investment sponsors to do all of the work. 

What if Tenant A refuses to sign a 3-month extension and intends to stay, paying monthly?

Now, I've taken a quick business trip there for 1 day recently and I'm aware that the northern part of the city is not really "culturally mixed" if that's ok to say.. 

:) But I’m brand new at this and just educating myself for the first time... so far the main criteria to finding a ‘proper deal’ I’m aware of is to make sure you but your property at a discount. (20% - 30% discount seems right but I’m sure practicing this is much more difficult than it sounds.) 

Next door squatter had piled up old siding, with old paint on it, and he was burning it in the chimney in the winter to stay warm.

However, be aware that the school year runs August-May. that leaves you with roughly 3 months of uncertainty.

Will the existing assessed value of the land and improvements stay the same and just the new improvements added?

No complaints so far.Try to stay more on the north side as crimes are less there.It kind of a risk reward type situation. 

Anyone can play plumber, but being a plumber and doing it profitably is usually different.Be aware, each brokerage is different.

I’ll be back down in Adelaide for the entire month of December staying with my family.