While more detailed records are helpful, it's not uncommon for taxpayers to lack perfect records.

It's not uncommon for the bank to come back with a higher counter after the appraisal.

Definitely not a good thing, but not all that uncommon in my city due to several creeks that criss cross before dumping into the leaf river.Would I be safe on the ownership issue if my title attorney does a title search and provides title insurance?

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 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?

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

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

It is also somewhat uncommon to have a HELOC in first position.  

In my opinion, an individual investor in parks can't justify a 5-7% ROI, although it's not uncommon to see.