In addition to being my mentor, Chris had been asked to take the class on a “funding tour”.

So it sounds like me you built additional equity into the home your living in now.

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.  

You could say it took a long time to get an additional 11 units given I closed 20 units in just 10 months of getting started with my investing.

Are there additional steps you take when screening applicants, or do you take fewer steps?

Any additional advice is helpful.

If they are on the deed, the property is owned as 'tenants in common'.Is there a tenants in common agreement?

Its more like 98/2 with an additional 5% saying they do stuff so they can get a piece of someone else's hard work while they have not done anything and live in their mom's basement.All that said there is value well over the cost for those who apply themselves to deriving the value. 

Additionally, properties with high monthly costs struggle to compete with fee-simple homes, affecting resale value.

Their most common threat is a security deposit dispute.