Is that common to be able to do a 95% LTV cash-out refinance? 

Only issue is if you want to sell while construction is going on it might deter a lot of buyers (and renters)The duplex I sold IF I had decided to keep it I probably would have looked at converting it back to a triplex (its configuration probably from about WW2 through early 2000's)  - I would have needed to basically replace a couple walls,   modernize the heating system,   add a third and maybe 4th common electric meter,  and find somewhere (probably a shed) for a common W/D and locate a 3rd/4th water heater.    

There are 3 ways PMC's charge owners for Maintenance:1) Hourly: most common and is billed for the time servicetech is at the property and getting materials.

Pros- - Outstanding cash flow- Great small community with good school system- Mixed Units, 17- 2 BEDS/ 18-1 BEDS/ 1- Bed- Low vacancy rate- Common area laundryCons- - Extremely old building, 2 buildings total, an old school turns into multifamily living, built in the 1900's- Exterior isn't the nicest looking, it needs a lot of TLC. - Not the best location, the community that its in is about 10,000 people in the state of Illinois about 30 minutes outside of St.

Urgent help needed:1 - Is this a common requirement?

There are numerous ways to structure it, the most common is a 1-5 year balloon payment where you'll pay them the balance you owe by refinancing with a bank, but you can get as creative as you want with it!  

It is very common to buy a property and find a long list of deferred maintenance and repairs.

In my experience, the most common reason for denying random access while in escrow is if the condo is still occupied by the seller or tenants.

Utah is not a community property state nor is there common law marriage. 

My question to the BiggerPockets community is if this is a common strategy?