You had the chance to inspect the building and the unit and incorporate it into your purchase price.As far as a difference between the initial MLS listing saying there was a lease, and subsequently finding out there's no lease, the MLS listing means very little and at the bottom of every printout or web page you'll see language to the effect of "information deemed accurate but is not guaranteed and buyers are advised to due their own due diligence" etc.Basically it means that while the agent should not deliberately lie, they can't be held responsible for inaccurate information there and you were advised that it could be incorrect and told to investigate further.

(much appreciated)Minor point, The seller lied to me about these tenants. 

I think people are are lying to themselves thinking multifamily is bulletproof.

If it was not really a loan you had provided worst thing to do is lie about it

The times in which I had ended up getting done over (after pure anger subsided) I thought back to beginning of the negotiations and there was always a time that I let the other person get away with a small lie because the deal looked good. 

Technically, my other properties are no longer vacation properties, they're 100% investment properties, so I should be able to purchase a new vacation property.Other then lying about the intent of use for my vacation properties, is there anything illegal with this strategy? 

He wouldn’t try to lie over a few hundred bucks.

This is typically the best route to go for small companies with limited marketing budgets.Check out these posts on BP:The Ultimate Beginner’s Guide to Real Estate WholesalingThe Definitive Guide to Real Estate WholesalingA 60-Day Action Guide to Wholesaling Your First PropertyThe Newbie’s Guide to Wholesaling in 7 Simple StepsThe 8 Most Common Lies Newbies Believe About WholesalingCheck out these books:If You Can't Wholesale After This: I've Got Nothing For YouThe Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate InvestingThe Art Of Wholesaling Properties: How to Buy and Sell Real Estate without Cash or CreditEverything Wholesaling: The Ultimate Guide to Wholesaling Real EstateBest of luck to you and happy investing!

As a result, the perception is often that retail is broadly in decline and that our future lies with e-commerce and its network of warehouses and trucks.

@Wade Megan I’ve purchased all my properties without seeing them haven’t regretted it yet, sometimes it’s not possible to be there in person but with technology now you can do video walkthroughs , detailed photos , have an inspection of course and talk directly to the inspector in depth after he’s done, use an agent you can trust who understands your situation.