Is this a common procedure following an upset sale?

Hi Nico, Yes, lazy listing agents are a surprisingly common problem--if only the sellers knew they were ignoring calls from interested buyers!

@Nick Kohilas I believe 50% is more commonly found in high-end resort towns such as Vail or Park City; it's definitely more than I'd want to pay!  

Yes this is referred to commonly as house hacking. 

I will provide you with some general, yet common things that apply to most deals. 

You’ll find, if they exist, there’s a common thread. 

I know this is new construction, but everything that is new today has a useful life, so if you plan on holding long term, reserving for new roof, HVAC, appliances, etc is typically worthwhile.Not sure of your design, but if you are building these with any common areas, you will likely have a "house meter" for the common area electric.  

A few reasons for this, but the most common is tied to the currently high cost of land and development compared to the rents that can be achieved.

It’s very common for investors to use these to buy rentals.

Once you are tenants in common then you can sell properties and each of you can choose to do a 1031 or take the cash for the % of your respective sales.