That's an entire year of cash flow out the window.This is a common, conservative scenario.

They obviously got no input from anyone with common business knowledge

It's a common problem in the industry and it is very annoying.

Sub 100k is pretty common still. 

Your question is a very common question, and I can appreciate your concern here.

A few more "common sense" steps would be to mark depth, post "at your own risk" signs, put "at your own risk" in listing/guest agreements. 

It is common for investors to bring in additional signers, often referred to as credit enhancement.

A default by one co-owner results in a foreclosure on only the defaulting owner’s share, and does not affect the other co-owners.- Both Sterling and Bank of Marin offer financing to TIC developers for acquisition and renovation of buildings that will then be converted and sold as tenancy in common.

This is a common fallacy.

Starting out, it’s common for new investors to own rentals personally to access better loan terms.You will most likely have to buy it in your personal name and move to LLC later.This post does not create a CPA-Client relationship.