We’re from Allentown, and unfortunately, this is a pretty common issue around here.

Liabilities are common among tax foreclosed properties and are often the reason the debtor or heirs are not paying the dues. 

Therefore, it is common for LL to be responsible for heat and water, which can get very pricy in cold months, but the cost to change out boiler is nearly impossible to justify.  

Is this type of financing common?

definitely pretty common among Hard Money Lenders - just have to have a strong valuation team and expertise Yeah I can't remember the last time I had to get an appraisal on a hard money loan.  

Quote from @Stephen Hood: I have a property that I want to move into and  purchase but am running into a challenge with the offer being contingent on selling our current property.

The actual benefit of syndication is only if there are special event where sponsor is so smart they can make 30 percent IRR in industrial space , but for multifamily no such thing exist ..also with common waterfall these days most risks are taken by LP investor while GP reaps the most benefit.The actual benefit of syndication is we make GP very rich lol

Quote from @Abass Aden: What are the most common mistakes new house flippers make, and how can they avoid them? 

@Chad Gardner - this is one of the most common questions we get from potential/future househackers. 

COLLUDE With Judges like KAREN PHIPPS to case FIX court case outcomes so the public doesn't know their fraud scams that include insurance faked claims with frivolous incident dates of known pre existing conditions putting tenants lives at risk SEE CASE COLUMBUS OHIO FRANKLIN COUNTY COURT OF COMMON PLEAS 22CV003620 AND OHIO SUPREME COURT WRITS : 2024 1311,1314,1315,1319,1320,1339,1360,1362,1378,1400,1420,1448,1471,1474,1502,1588,1601See FRANKLIN COUNTY MUNICIPAL COURT cases 2021 EVH 060439 AND 2021 CVG 020711 FAKE AND UNLAWFUL LANDLORD RETALIATION EVICTION BY ALL COUNTY NEO'S  ATTY WHO IS THEIR CLIENT🙄THEY ARE ALL CORRUPT and fraudingI would be careful about labeling an attorney as a fraud on a public forum.