If not the land and condo's are not separate deeds, we would need a better idea how the deeds are structured since it is uncommon for a condo to include some parcel of land away from the location of the condo.

You can usually utilize retirement accounts for reserves as well as long as you can prove you can take that money out if you needed to.If you are looking to purchase a multi family property it is not uncommon for these properties to have some issues. 

Lots of my tenants come from small towns,... on occasion I’ve talked to their former high school teachers (I spent time in that world and it’s not uncommon for a common acquaintance to pop up).

For out of state investors, foundation is always scary but because its so uncommon in the US but a good majority here have at least some settling. 

I can understand the deposits, but the monthly rent is uncommon, in my experience with rentals.

Its not uncommon for banks to require 2 years of rental history especially for first time landlords.Sounds like you would be better off to sell this place unless it makes sense to live in the home.

Unfortunately it is not uncommon for GCs to do this.

@Jacob Tudorrenting these by the bedroom is not uncommon and very profitable.

It's not uncommon.

In the Chicago area I know this is not an uncommon practice.