Whenever you plan on buying a property in the future, do not take the seller agent word for it always do your due diligence and make sure you get a certificate from the township that clearly states how many units are legally allowed in that building. 

If I were starting out now, I’d focus on markets that balance affordability with solid rental demand, both for short-term and long-term rentals.

Home could've settled and nothing further to do or you could be seeing a bigger issue at hand that the seller needs to fix.

You might qualify for seller financing 

The seller was Steve Yoak from Yoak enterprises who bought the house and renovated it. 

Would sellers be comfortable?

Land is very tough to estimate value do to it's valie is based on what you can do with it and how much demand there is for what ever is ultimately done with it. 

The highest appreciating markets and those with the greatest rental demand/price- like those in Florida and Texas - also cost more to acquire and insure. 

The decision to allow pets there, though, was influenced by demand and basic math.

All will be delivered vacant, apparently I missed the piece in my offer that allows the seller to stay in the unit up to 7 days after closing...