I'm under the impression I'll get a worse interest rate, but 5% down and other tax incentives make it look like an attractive option. 

But it's my understanding that there are problems with the local government not being friendly to business.If they would go on an all-out program to attract and nurture business, the city could recover.

I myself haven't latched onto this model yet, another set of hands touching my food isn't that attractive to me. 

Is the subject to / sell with owner financing option that makes this the more attractive deal somehow? 

It would only fulfill the owners needs in a very small percentage of cases.With the low interest rates, relatively easy money, and endless investment capital available today, an attractive property reasonably priced will easily sell so that there’s no inventive for a seller to consider a master lease instead unless the property is deficient in some way or he’s priced way above market.

@Nathaniel Walker After having owned 2 bed and breakfasts they can be just as lucrative as STR if you have attractions or good enough marketing to draw in your customer base.

But there could be reasons like type and terms of financing that make this an attractive option3.

Contrary to what you hear most trying to attract you is that it says it is the best way to go for people that do not have any money  and its fairly quick assignment fees. 

@Greg Dickerson Awesome feedback, I think it was just a fourplex with no HOA involvement,  The CAP does sounds pretty attractive with no vacancy and owner is willing to seller finance some or all of the deal. 

Decided to start my investment portfolio with SFH that are in decent areas to attract families.