Sorry man, I feel your pain but its a potential cost of the business in MN. 

The downside of doing this is additional costs and administrative demands.I often explain asset protection for people asking this question by using the analogy of the "5 pillars of asset protection."

But, like I'm sure you others will reply as well, you are better off to start off fresh with these vacancies as inherited tenants can be a huge pain in the butt. 

Although I am a firm believer that institutional education is failing us, I want to preface this conversation with the facts that I do have my undergraduate in Business Administration and I am currently working on an MBA at UNC Chappel Hill. 

Again...if the list price is in line with the comps those are going at around the list price.If it's a SFH that is still owner occupied....those are the sellers we see as getting nervous because not as many people...including inspectors, appraisers and potential buyers are open to setting foot in those properties and it could be a pain to do a lot of other things.

@Mark Leclair The Property Valuation Administrator, or the county assessor.

Working a small town I use the PVA (Property Valuation Administrator) website.

I feel your pain.

This loan type seems like it would be a pain to go through with all the different requirements.4- I don't believe seller financing will be a possibility at all.I would love to hear any other creative financing ideas that I am sure you guys have!

We have run the full gamut, from exterior pain, to residing portions of the house to going through the zoning board to do the development.