While I’m happy to discuss general strategies and best practices, I won’t be sharing additional details about the property’s exact location, nearby city, or financials at this time.

definitely need to have lawyer look at it.Risks/additional hurdles- On the practical side, the absence of deeded rights makes tenancy in common ownership considerably more risky than condominium ownership, even where the TIC owners have separate financing.

Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

Seems like a good idea in theory maybe not in practice. 

Drawing from my experience delivering over 550 investment properties, I can say with certainty that self-management isn't practical for most investors.

Best practice is to ask them if they consider hard money cash. 

In Phoenix, a 1996 build is practically brand new when compared to a WWI-era home in Cleveland or Pittsburgh or some other Midwest or East coast city.While I agree that older homes come with more problems, buying something newer may not work as the price will be higher and won't cash flow as well.I'm of the mindset to buy what fits your budget and investment goals.

For example, for a business owner; they have no practical way to 1031 exchange.

They can go practically anywhere.Emotional Support Animals can be any type of animal - dog, cat, horse, peacock, komodo dragon...

Figure out how to actually analyze property and practice.