Its common for agents to do both as a "transition phase." 

Steven, the 5% conventional loans are fairly common, most people have a misconception that they cannot be competitive in an active market with them. 

“We see investors moving to this very stable investment class from all other [commercial real estate] segments because of higher returns and more stability.”Single-family rentals are in demand from multifamily tenants as renters choose buildings with limited common areas, and without shared hallways and elevators, Cline said.

It's actually the norm that there will be multiple offers, all over list price, cash purchases are common - and "good bones" sell within a day. 

Bathroom hardward (TP and towel racks) - mount to a 1x4 plaque that is screwed to studs. you can pretty much hang on it without pulling out the hardware. i use entry level granite countertops - stain resistant, and should last a long time. i put LVP through the entire house, bathrooms and closets included. its water proof and scratch resistant. while the initial cost is more than carpet, you wont have to replace it as often. i use Sherwin-Williams Harmony line of paint, in a semi-gloss sheen. the semi-gloss is easier to wipe off for small marks, and the harmony line has deodorizers built in. for exterior door knobs, i use the smartkey knobs from kwikset. you can rekey a knob in a few minutes - no need to pay rekeying fees anymore. last tip - figure out which appliances your market typically provides. in my market, its not common to provide washers and dryers, so i dont. thats one less thing to have to repair. 4. i dont see an issue with the gas stove. to convert to electric you will need to have a 220V plug, which could be costly to install if not already there. 

Is this kind of deal common? 

At the advice of my agent, I don't have an appraisal contingency, which is common in NYC's hyper-competitive market.

unfortunately that is a common problem.

That literally just happened to me last week.Two major problems common to rehab: going over budget and taking too long.You can reduce those with incentives or consequences.

Obviously, there are numerous ways to structure deals, but I was curious to see if there were any commonalities among those with experience in partnering deals.