The  local power company and Energy buyer contracts are set, land-lease contracts are set, and the solar equipment are all in place.

I always tell people that I think one thing to consider in this environment is whether you have a high or low interest rate loan.

I highly doubt they were a scam.

Are DST fees included in 5.25 estimate I read some as high as 20% fees?

In this scenario I highly doubt the city would find you liable as the building has been vacant for a while, but I've never run into this scenario before. 

Happy tenants, high equity and little money invested.

They have high fees but professional management. 

It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?

My tech experience has taught me the power of asking the question: "So What?"

They also did get a subordination agreement from the second lien holder but it was executed by their power of attorney.