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.

10 year (the common benchmark for CRE loans) just keeps climbing.

Hard money is a pretty common loan type for BRRRs or flips, it is handy to start. 

They didn't know each other before moving in but they all have something in common and they are all grown adults.

I am a voice of common sense and help them come up with the best way to manage STRs.

Some places do this annually, some places do a portion of the town every year giving them a total cycle of about every 4 years, and in my area it’s common to do a whole town reevaluation every 4-5 years.

I’m looking for mentorship from other investors in this forum to help me identify deals, help avoid common pitfalls and learn from failures. 

Thank you for your input.Keep a cheat sheet for your property(ies) with color brand/codes for each room and common info needed such as appliance info, fridge opening HxW, etc...Paint should be standard sets of colors for all the properties you have.Flat means hard to clean, repaint it all.