Is this common with foreclosures?

The company I work for manages approx. 100 sfr and small multi-units in the Whittier area (mostly along the 605), and expenses for our units (including common area maintenance, regular maintenance, turnovers, and cap ex) have historically averaged around 40% of rental income.

If they're willing to fudge something that they absolutely KNOW for a fact is going to be that far off, imagine how far off anything else can be.Another common one is utilities in a property with low vacancy.  

The common street address is is not the legal description. 

It's not common for banks to do them though, so you'll have to call around to quite a few to find the ones that do them.

Common amenities in these luxury apartment buildings include high-end rooftop decks, pet-friendly options, bicycle repair and storage rooms, shared co-working spaces, and tech-focused lobbies.

First of all, this would be an insurance nightmare should someone get injured on common area.

I hear that moving a house in common place in beach towns.

Once you get the first deal under your belt continue going and don't get lazy after the first deal some people will after they get that fat check of $2,000 or $15,000 check.

For example, if the property costs $100,000 and you have $50,000 of personal funds, you could invest in the property under a tenants in common whereby your retirement account puts up $50,000 and you personally put up the other $50,000.