To find value, investors have been looking for assets that have higher barriers to entry so they don't have to compete with the owner occupant crowd.As recently as 3 years ago, it was not uncommon to see a decent cash-flowing single family property in good condition that was fairly rent ready. 

Master leases aren't all that uncommon, although I think more common for things like shopping centers.

It's not uncommon for someone to add a family member or investor.You said it wouldn't work.

It's not uncommon for me to come across people who act like they've won the lottery after receiving my offer for a few thousand bucks.Just because I wouldn't sell a property for next-to-nothing, doesn't mean the current owner wouldn't do it.How do you get properties for this cheap?

And if you think it's uncommon to have to fire a contractor, just wait until you have a couple projects under your belt -- you'll realize that it (should) happen more than you'd think.Anyway, start by reading this:https://www.biggerpockets.com/renewsblog/questions...

The other problem is Minnesota....in my area it isn't uncommon to replace a roof every three years with hail damage etc.  

It's not uncommon for buyers using FHA products to face rejected offers or the need to significantly sweeten deals to compete with those favoring conventional loans.

You can leave the deal and have your agent negotiate for a full or partial refund (if the seller is nice enough, which is not uncommon depending on the situation), 3.

It is not uncommon for these deals to produce 20% - 30% IRRs.

For example, it's not uncommon to see a whole Asian family live together for a long time and essentially using group economics to start up family run businesses.