It is not uncommon for a property manager to hold a "reserve" so they always have funds available to pay for minor maintenance, utility bills, HOA dues, etc.If you're looking for a new PM: You can start by going to www.narpm.org to search their directory of managers.

It is not uncommon to shift payments, not appropriately categorize payments and flat out miss recording expenses.I will be scrutinizing the maintenance and repair history very closely as well as using several inspectors to go through the building.I have found good financing and yes the Cap rate will be about 9%.

Its not uncommon for entrepreneurs to use this type of funding because its focused on the cash flow of the property you are buying rather than your financial income. 

I feel it’s uncommon to find people from bigger pockets in Whittier.

Btw- it's not uncommon for it to take a few months to build up your pipeline even if you are doing things properly

It is not uncommon for investors to back out after the inspection, usually it is the more inexperienced investor that is nervous.  

Yes duplex or triplex is a good idea but they are very uncommon in these areas and then you have to maintain roof, siding, etc

I would think that it is uncommon for people to agree to that kind of transaction, but many people are performing these deals all across the country.

It can help remove some of the contractual liabilities that come with interacting with parties from the property owner, and it is not uncommon to see investors using an Operating Company in this way. 

Seller financing and assumable mortgages, albeit uncommon but not impossible, are other ways to reduce cash out of pocket.