In todays market, they are most popular when purchasing a larger bundle, needing flexibility on a bundle (lower purchase prices being allowed for example), or when cross collateralizing equity as downpayment. 

I am purchasing and renovating a house 1 mile from a Mayo Clinic with the intention of making it a STR/MTR. 

I took a big 4 day road trip through some cities to look around these past few days and am very interested in purchasing a property to AirBNB. 

After the initial set up, I go to my STR before the busy season to take inventory of linens and consumables like soap etc, replace or repair linens or small items, touch up paint, and get my eyes on the property to make sure everything is in good repair. 

Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!

These conditions typically protect the buyer and ensure certain requirements are met before finalizing the sale.Contingencies to Consider:- Financing Contingency: Specify that the purchase is subject to the buyer obtaining satisfactory financing.

Are you looking to purchase or refi?

It is perfectly fine for it to purchase a property with another entity as tenants in common. 

Please let me know if I can provide more specifics or numbers.I have an opportunity to purchase a fixer upper in a relatively great location.

I am in the process of purchasing a property, but carefully evaluating it during inspection period.