Any agent worth their salt will not even allow access outside of those terms, nothing good ever comes out of it.I assume you have listed the property FSBO, which will typically attract people who try to gain an edge: buy it for less (most common), get you to finance (because banks won't touch them, too risky) or - wholesale the deal.

Is it tenant in common, Tenants by the Entirety, or as Joint Tenants with Right of Survivorship

Only thing I am worried about is the possible higher vacancy rate as i’m not sure if this is something that’s common especially at USF.

It's very common for contractors to charge materials to a job that are not for that job and then keep them for another job.

@Alexandra Machado for downtown condos, renting out unused spaces is pretty common and simple.

Also, the LLC wanted me to make an offer by 9:00 PM yesterday--is this pretty common in the investing world?

You may also occassionally see 6 or 7 month lease terms with LTR (more common when an annual tenant renews for an additional 6 months, for example).I've never heard of a 2-5 year lease term when referring to MTR.

In some multi-units we have had laundry facilities in the common basement. 

This type of strategy is common in value-add real estate investing, but it requires good planning around the financing and legal aspects.The first step is confirming with your local municipality whether the lot can legally be subdivided.

I have just started doing deals on the east coast ( 3 years ago) were titles are MUCH older than out here in the west coast especially recent lot block subdivision type properties.Very common occurance for us these days I have 2 going now ( quiet titles) for the same reasons some relatives were not notified they need to sign off.. of course they can't be found and are probably dead.Seller inherited property.. old owner never bothered to get divorced or probate estate etc.Not sure the value of the asset in question so the value proposition is very real.