I've never done a partnership, but these are common issues that I don't often see addressed in contracts found online. 

Is this common practice?

.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.A good way to visualize the order is to imagine the following scenario: Alfred dies without a Will.

Then a wise man who was already successful doing what I wanted to be doing shared some common sense that I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well intentioned but misinformed friends and relatives telling you that you can’t do this.

This is common.

I sent you a DM to gather some more info on your scenario. 

Forge relationships with the owners, and find authentic ways to create win-win scenarios in sale situations.Is it easy?

@Samantha Zanotelli- depending on the price and loan amt needed - there are lenders / programs that allow 10% for a jumbo loan scenario ...the payment reserves  requirement will likely be 12-24 months of payments  and you are able to use part of any retirement account balance to meet this requirement 

The 70% rule is a formula commonly used by real estate investors as a barometer when purchasing distressed properties for a profit.

It's partly the economy, but it's also common during an election year when people are a little unsure about where the country is headed.