Tenants should definitely not use common areas to store stuff or use the common area electrical.Document everything via email about notices, and just do everything politely and with respect.

We have a cleaner who does deep cleaning at the end of each month, and another who handles two hours of common area cleaning mid-month.

Although, locking a loan is not that common in private money.Any lender asking for a deposit is trying to scam the client apart from a large commercial loan. 

Hello Everyone,For the topic at hand - I recently learned about Tenants in Common (TICs) as a real estate investment option.

I work with investors who use Tenants in Common (TIC) for income property, and the key is to separate the concept of being on title from how you run the partnership.

I intend to buy an SFR property, and then create an LLC with shared ownership or set up having Tenancy in Common agreements after its bought .Does making an LLC help or having Tenancy in Common agreements make more sense ?

Has anyone done  a TIC conversion? The opportunity we have is $4Million for a 20 unit apartment building which will be resold as TIC units for approx $$395,000 each. 

What you’re running into is actually pretty common.

It is common since carriers want to be clear who it is that they are actually insuring - it is actually pretty hard to insure a property where the ownership is unclear. 

We want to create an affordable SRO-style housing product with common facilities and meal plans included in monthly charges.