I guess to get a definite answer I'll have to cold call to get see if all these people are behind on their payment or it's just a standard practice behind some salesmen!

The mechanism would allow the property to be re-deeded to all of the LPs as tenants in common. 

I hate being cold!!!

Whereas if you and the other investors held ownership as TICs (Tenants in common) then you could sell your portion and do a 1031 of your portion while others did something else. 

Very common.

Is it common to purchase a home with other debt?

The idea is to convert a multi-family building into condos; but not in the traditional sense where you separate pre-existing apartments into their own condos; but in a way where you combine the common areas of all of the apartments in that whole building, and turn the individual rooms within those apartments into condos themselves; thus transforming the hallways, kitchens, bathrooms, living rooms, dining rooms, porches, balconies into common areas of the condos. 

The fear of renting while out of town is common, but it's easy to overcome, especially when you have friends and a handyman.

Amazing what can come of just grinding volume with cold calling Volume + consistency + follow-up = DEALS.Simple really. 100%

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.