@William Merone common structures are 80/20 - 70/30 (investor/sponsor) splits with 6-8% preferred returns for investors (investors have to make this annual return before profits are shared with the sponsor.

Know what's the common practice for the area you're buying in.

A common strategy if you were to find it would be to wrap the loan, walk with a downpayment and have some positive cash flow every month as well.

Hey @Steve TotinoI think you are suffering from a common case of lack of direction.

Is this something common?

  - Keep commonly bunched forms in folders on a service like Dropbox or Google Drive. 

The surveyor made an error (although this is definitely not as common). 

They do take foreclosures now and then, but I think it is not all that common and not if someone else has purchased them.

Bank foreclosures are common, because people just left town and let the bank have the house. 

Here's some other keys that I'm hearing that are common reasons why investors sell, 1031, and reposition.1.