It's called  "Uncommon Entrepreneurs". 

I can't speak for Austin, but in the Atlanta market I cannot see this working if you're asking for this straight up.With that being said, it isn't that uncommon to push up the purchase price within reason to ask for the equivalent in credit back.

Second, it's not uncommon if sheriff didn't notify the current homeowner, bank or anyone else who legally needs to be identified.

This is not uncommon. ie, half a duplex with owner in one side, etc.You're probably overpriced for the unit's location, size or amenities.

What you are describing with properties falling into disrepair and blighting the community is not uncommon.

I've heard over and over again that getting those kinds of returns in CA (absent appreciation) is pretty uncommon. 

They are clearly informed that the checklist is the basis for refunding deposits less damages noted.It is not uncommon to see inspections upon lease renewals. 

Its not uncommon in my professional career to practice this method, so I adopt this in my real estate business. 

Contrary to what several people have replied, it is not an uncommon nor unsafe practice.

On most second or third generation stuff I see in my market, a small tenant improvement allowance, say $5 - $10/SF per square foot to spruce up a space is not uncommon for commercial tenants.