This is a pretty common topic so it might help others who search for this subject.Thanks!

So, right around $1100 per month is what I pay to live here now (not including utilities).

There is a partnership called Tenants In Common that allows each partner to own a different percentage of the ownership. 

They can still call the loan due if they choose to but it is not common.

HOWEVER, the downstairs tenants are on housing assistance and the seller set up to pay their utilities.

Seems like Rich Dad, Poor Dad is a common theme here on BP!

I would sell the exchange property for $420K and buy the empty lot through the exchange for $200K and take out a building loan for $220K.If I own the property first I can make the first two months of improvements (site prep, utilities, permits, and foundation) before I sell it to myself through the exchange and make sure it is done by the end of the 180 day clock. 

For me, my 2 small rentals are in apartment complexes without a lot of maintenance besides HOA and cleaning and utilities, but my nice rental (that gets 3x the nightly rate of the small ones) is a big house with a pool and has very high monthly costs, and more things that break down over time, so my expenses on the big rental are much higher than I would have thought.  

Is that common here for investors to manage rental property by themselves？

And they want me to move all my primary banking accounts (checking/savings) to them first before they'll lend.Is this common?