As a mortgage broker, I usually break this down more, as it sounds like it's just not being explained to you correctly.

Or should I invest my time directly into learning/breaking into Commercial REI.I dont want this to be long winded so Ill leave it at that and you have any questions let me know!

If there is a recommended podcast episode that breaks this down, please feel free to reference!

But even without that, appliances break, HVAC will need replaced, roof, etc.

And you can likely find a company to cut you a break on the leasing commission as well. 

In that situation if someone buys a more risky mom and pop type property at a higher cap rate then maybe worst case it breaks even or lender asks for small amount to extend loan or refi.This is in stark contrast to a commercial property that is 3,5, 10 million in price with a national tenant with fixed rental increases.

If one of you wants to take out a second mortgage on it to secure his/her interest, that's fine because it keeps the deal clean and there's nothing to dissolve if/when the break up occurs. 

Mine is breaking ground on an eighty lot subdivision this year.

People can have temporary circumstances that break them.

The issue is they are super soft, and one storm will break it down the middle or at the trunk if it's still small- avoid this one!