This is not uncommon; however, it can cause issues when trying to perform a significant remodel/adding units as mentioned.You would be permitted to duplex the 1st floor units into the basement, because that is an interior remodel of the space with no additional units being added.

In my area it’s not uncommon to get a 4-5% deal .

We've found properties with unpermitted additions, but that's not uncommon out here.

It is not uncommon that insurance companies pay claims. 

For example, the $400M Uncommons has broken ground - a $400M complex in southwest Las Vegas.Las Vegas is and will continue to be a great place to invest for buy and hold investors.

And no, this is not an uncommon scenario and no, the house was not a "golden gem" - it was a decent rental in an okay neighborhood. 

Whereas an OOS investor might jump at the 1% opportunity because of how uncommon it is in their market.

Purchase price: $415,000 Cash invested: $40,000 We purchased this 6-unit building It is in a very good location and 5 of the 6 units are 2-bed units, which is uncommon for a larger MF in this area (most are all 1-bed units in larger buildings).

Purchase price: $415,000 Cash invested: $40,000 This 6-unit building is in a very good location and 5 of the 6 units are 2-bed units, which is uncommon for a larger MF in this area (most are all 1-bed units in larger buildings).

Now it's not uncommon for both husband and wife to work on the same field so household income is > 250k, they can afford anything 1 million.It has a trickle-down effect to many industries, especially construction.