They are monitoring what I do with the money, in the sense that they’re withholding a certain percentage of funds and requiring me to have inspections done, etc., as a way of ensuring that I put it towards a renovation and not just walk away with it.

If this deal were a dud and did not cash flow and would be just the same as buying something that doesn't bring in any money and does the opposite as a liability does then it would make no sense to buy it. 

Not sure if this is common or not… any thoughts? 

In this scenario does it make sense to buy a triplex or 4plex in a less desirable/up-and-coming neighborhood , rent all units out while I continue to rent in center city/fishtown/UCity/NoLibs? 

I would be suspicious if you did not have financial covenants. it's so common.Default interest rates are very common in commercial loans. however, recent huge litigation (Honchariw decision...google it), makes applying any default rate very very difficult and litigious now.

Some do . its been more common 

Despite common advice, paint has changed a lot in recent history, including finishes.Satin is great for hiding defects, but also giving a more elevated look.

There are two reasons why a property doesn't sell: Price and Marketing (or more commonly the agent).If you feel like you have been marketing the property well, then it is the price.Land is extremely difficult to sell.

Clayton County needs to get this in order but I believe its being done on purpose.Every time there is a judicial hold-up ( and I mean that in both senses of the word) like this, it is intentional.

Now it makes sense.