This is standard Operating Procedure for Rock-Climbing. One of the most popular forms of Rock-Climbing is top-roping. This is where there is an easy way to get to the top of a route, a rope anchor is set, and you can then climb safely with a belayer at the bottom of the climb.
Your TIP is therefore set at the top, much like having a RR Friction Saver. The difference, is the anchor point uses the available fixed objects at the top of the route - ie. large nearby tree trunks, boulders, a ring bolted to rock, etc.
It is customary to tie into more than one point in order to:
1 - Have redundancy
2 - Share to load across more than a single point
3 - set your tie-in such that there is "No extension" should one anchor point fail, and therefore reduce/eliminate shock-loading from a fall
There are some excellent books written on this. One of my favorite books is "Rock Climbing Anchors - A comprehensive Guide", written by Craig Luebben. Many of these concepts transcend to all forms of rope climbing. There is a wealth of information here that anyone tying in would benefit from reading.