Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

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. 

Most common scenario I see is "should I sell?"

If so you need to fall into the guidelines (for the investor whos funding it) regarding non arms length transactions.The most common scenarios they typically prohibit are:- Gifts of Equity- Bailouts- Leaseback OptionsAt the end of the day it needs to be a legitimate transaction, with legitimate funds coming into close.

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

Dealing with RejectionRejection is common in real estate, whether it’s lost listings or clients choosing another agent.

If a dispute arises relating to this Contract (whether prior to or after Closing) and is not resolved, the parties must first proceed, in good faith, to mediation.

It seems like a common challenge, and any advice you can provide would be invaluable.Thank you in advance for your help!

That would certainly provide added leverage should problems arise with bookkeeping, receipts, estimates, etc.

If you're in the LA area, it's definitely very common.