It's not uncommon for the first 2-3 years for a business (and for most newbies, REI is a business, not passive investing) to show little to noprofit.I'll share my background and maybe that'll be encouraging.  

I understand it's a slightly uncommon situation (or maybe not, it might just be my lack of experience), but I was hoping the great community here would share their opinion on this.

If anyone is willing to answer a quick one here, something that seems to come up is....How common/uncommon would it be to find a good investment property here?

It is not uncommon for tenants to live rent free for 2-6 months with no repercussions. 

With a commercial loan from a bank or credit union here you'd be required to maintain a Minimum DSCR (Debt Service Coverage Ratio).Let's say the bank tells you that you must maintain a 1.30x DSCR, not uncommon for a small multifamily loan like this.

Not uncommon at all. 

"Plumber digs small trench, house sinks to China, negative cashflow with unfavorable exchange rate" is a rather uncommon headline.

I’d say very uncommon.

In addition to tornadoes, we have epic ice storms and it's not that uncommon to do without power for several days.  

Hi Bryan, You might be able to find a deal that meets the 2% rule outside of the cities but it is very uncommon.