Fires are not as uncommon as we would like, and your tenants need a way to escape that basement besides the stairs, in case the the stairs are blocked by a fire.

Just be prepared for the worst it's not uncommon for someone to steal all the wiring, copper pipes or kitchen cabinets, etc.  

I will say that, for commercial properties at least,  it is not uncommon for the transaction to take multiple years to go under contract and finally sell.

It is uncommon based on what you trying to do, however you can find distress property, manage and oversee the rehab process, make it turnkey for sale or to rent, then you can ask for a % of equity.

It's not uncommon to see multiple properties sold in a package or bulk deal owned by an investor to another investor. 

By that I mean that its not uncommon to have a great block next to a terrible block in the same zip code. 

It's not uncommon to significant surprises in a property like this. 

First off, it's not uncommon to sift through many properties before finding one that meets your cash flow criteria, especially in a market influenced by fluctuating interest rates.

It is uncommon to ever approve more than two repairs due to repair cost vs. replacement cost.

@Thomas Good Sorry for the delay in reply.To see c-stores at that price is not uncommon.