(Yes, we have that down here, it's rare but not unheard of.)  

This would have been unheard of a year ago.

However, I'll tell you my experience in Cabo San Lucas:  75% occupancy is not unheard of, but will take some work to achieve.  

@Max TanenbaumNice to know some people do that and its not unheard of...

A couple years ago, it would have been unheard of for a relatively new investor to be able to secure a Freddie Mac multifamily loan on a 1MM property. 

It is not unheard of to get seller credits for repairs.  

Its not unheard of for an agent to request the buyer cover the difference between the commission stated in the MLS and what they want to get paid, however in my opinion, only agents or teams who really provide a high level of service deserve to charge extra to a buyer.  

For example, an agent I talked to in Raleigh, NC said that 50% is unheard of and that he is happy when he finds properties selling for 85% of move-in ready properties. 

That's unheard of...I need advice of someone more familiar with tax and business laws than me.I have plans and building expertise, my grandfather would invest the capital for me to do this.

Depending upon how much they want to fight, @Faun Kime, it can take a while to get them out and one to six months would not be unheard of.Without other info, from what you write you could pretty much assume the home is already trashed and will need a full gut rehab.