Is it common to purchase a home with other debt?

Deal closed, higher valuation than purchase price.

I reside in FL, so I would like to purchase in neighboring states if possible, but I heard Ohio is a great market.   

Some rehab loans offer 90% of the purchase price and 100% of the rehab costs.

I'm interested in purchasing land.

@Andrae S Wiggins recommend you upgrade your BP membership to Pro to access the BP Calculators to evaluate rental purchases.Play with the numbers to figure out the purchase price that gives you your target ROI.That's the number you'll need to make an offer at, NOT what the seller is asking.Yes, you will get a lot of rejects, but whoever said investing was easy?

Turbo tax will prorate your depreciation for you when you input the purchase date but you need to input the land value (1/6 your PP in my example) and what % the rental is of the dwelling. 

Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.

Quote from @Trevor McCormick: Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.1)Is it still a good investment with the current prices?

Bought undervalued (market value of 265k); refinanced about 1 year later to contribute to next property purchase.