Hey Travis, I close a number of these for clients, usually more common on properties that were wrecked by previous tenants and they want to use existing equity to help repair the damages.We would classify it as a 'Refi-rehab' that would include a direct 'cash out' portion as well as a rehab escrow to reimburse you after you finish the repairs.

I would think he means something like this…was common for a long time. https://www.google.com/url?

This affords the opportunity for a homeowner to sell the property if it is not under water for market value and pay off the loan before they are foreclosed upon, or more commonly, short sale the property with the bank's approval. 

If my kitty was fat enough, I'd take 5% any day and throw my laptop and iPhone in the trash, sleep till 10am and play guitar with my amigo's haha

Regarding travel during a recession, this comment about less travel is a common misnomer in the investment community.

Its the most common build regardless of city your looking.

What are the most common challenges faced by multi-family property owners in Jersey City, and how can I prepare for them?

Hi Tim, I know Proper and Steadily are common insurance choices for MTR owners. 

All commissions are negotiable and there are common fees and hidden fees.

Here are a few strategies and markets that investors commonly consider:Secondary Markets: Look for markets outside of major cities where property prices are more affordable, and rental demand is strong.