Typically unless the acquisition was using a TIC (Tenant-In-Common), the property is purchased under an LLC to which investors have ownership shares.

Common sense3.

@Kevin Andujar you can put all of the locations under a single personal Umbrella policy as long as they have common ownership.If you go the LLC route, then your lending and insurance can get a little more complicated and costs will increase slightly.  

Depending on what part of Columbus properties have pretty common issues depending on the areas well.

For example, $50K for a 1bdrm unit is pretty common in my area so I would begin thinking around $150K for a 3-unit, $200K for a 4-unit, etc.  

@Chance B. these types of agreements are common if a real estate agent is going to spend a bunch of time with you, they want to get paid if you buy a house.

Often, utilities are bundled when they're provided by the municipality (commonly water, sewer and garbage are municipal owned utilities) in which case you will have a monthly trash bill whether you're using it or not.

But as you've probably seen renting out by bedroom is a common house hack strategy people use in SFHs or condos.

However as noted above you can hire 5 different surveyors to do the same job and you will have 5 monuments within inches of each other it is very common that survey's don't align If this is a resi lot where a fence a a few inchs one way or the other does not matter not worth all the expense to fight over a tiny amount of land just come to an agreement with the neighbor and move on..  

The most common is on the financial side: how are returns split based on work and equity brought into deal, what happens if the asset needs more capital infused, what happens if more capital is needed and one of you doesn't have it?