There is a random dentist office that has been sitting in a residential area next to my house for the last 10 years vacant!

If not, have you considered maybe getting a job in the real estate field, like as a mortgage broker or loan officer? 

Enough office staff for division of labor.4.

I think the chances of that much damage being done are low but anyways my plan was to owner occupy with an FHA loan and my loan officer told me I can't get the loan because of this issue.I'm curious what others think of this situation and if anyone has run into an issue like this.

In other words it shouldn’t stop section 8 money at the local level housing offices atleast not for a long time .

Did you calculate expenses and revenue or are you using comps to determine whether it is over priced.  

This is the time to be sitting in his office with copies of the CCRs, insurance policies, denial letters, City regulations, etc and asking him to get you out of this problem as fast as possible.

For instance, the cap rate allows you to compare an apartment community with a commercial building, or an office building with an industrial building. 

@Matthew Thibeault I'm not sure what part of the country you live in but I would recommend making a list of the 5 most active investors in your area and locating their office and I would walk right in the front door and tell them exactly what you just wrote on this forum.

We pay for our license, continuing education, NAR membership, state and local Realtor board membership, MLS, E&O, marketing, lead generation, websites, desk fees, gas, etc.And if you're thinking that we're making a killing on our commission, don't forget that on a 5% deal, that is commonly split 50/50 between the listing and selling office.