Commonly known as xxxx.

@Natali Cobb depends on what is common for the area.Also, you can put in your ad that W/D negotiable and see what the responses are.

It is common for PMs to stick fees into paragraphs throughout the agreement, this is another red flag.

You asked about buying older properties and the biggest issues I have found is that roofs need to be replaced, HVAC needs servicing/replaced, and sometimes there are foundational issues (not super common). 

In your experience do you see people commonly attempting to offset ordinary income / W2 with syndicated losses, despite the above?

You will likely have common area lighting (interior and exterior), perhaps heating and cooling too. 

"Is it a common practice to report it as a loss even though I fixed it out of my own pocket?" 

It's common for traveling medical professionals to extend their contracts.

Very common. 

Yes, this is quite a common practice for professional PM companies.