You (and he) both should have received certain rights for maintenance of "common" systems or those that by necessity exist across the "lot line".

I won't buy any property that isn't immediately worth more than I paid for it including the cost of rehab and fees/expenses associated with the purchase and a little (or a lot, depending on my strategy) left over for a margin for error and profit.By that simple definition that likely automatically excludes toxic waste dumps and environmentally contaminated sites because the cost to cure can far exceed the property's value and can follow you even after you sell.  

taxes, insurance, utilities, wages, maintenance, grounds keeping, snow removal, any other common areas, laundries, playground, club house.What are the current owner's income/  Tax returns would be nice to see. 

We have read a bit about Tennant in Common (TIC) Agreements and realize that we have to have something on paper and that the exit strategy is the most important aspect of this.

But I'll do the best I can to help from reading what you posted based on price it seems good but there's still a lot of unknowns, since your house hacking and it's a duplex this might be common sense but please check if you ever decide to sell the property would it be sold as one collective property for 150k or separate I mention this because it seems like you'll be using a hard money lender.Also when it comes to rehab if you don't feel comfortable estimating the rehab do what I have done contact several rehabbers and show them the property and get a quote estimate that way.Along with this to eliminate any doubt the most important information (depending on your exit strategy) is the ARV you generally get this information from realtors to see what similar properties have sold and how long does a similar property take to sell.

This is extremely common in commercial, the longer the lease the lower the payment usually.

No septic design on file, common for this small NH town.

@Jeff G. this is a pretty common situation.

Morning all, Does anyone have a cleaning company for multi unit common areas that works on the southside of Chicago, Hyde Park, Washington Park, Woodlawn, Bronzeville, & South Chicago?

The Hubzu title company created a few errors along the way.