I purposely staggered the leases to expire 2 months apart, and I made them shorter so that I could get a feel for the tenants and address any issues with a new lease if they opt to stay on.

John, what is the concern with those who use it as a workshop or to work on cars? 

@Michael Lee@Linda WeygantI listened to Linda's podcast a while back and I know that she is a CPA that is on the board of several HOA's.Maybe she can help you.My only concern is that it appears that you need a review done and you may need a CPA licensed in the state of SC.

What if everyone else is assuming the inside is trashed and writing the home off, when in reality the seller is just an idiot and/or very concerned about their privacy?

@Brian Burke Valid concern.

Don’t worry, I am much more concerned about making financially sound decision than being sentimental.

Since I'm not actually carrying a note, I would not have foreclosure as recourse, so how do I address it? 

And your concern is quite valid and smart looking into the future of possible refi issues.Are you being declined for regular home loans or is the rate just something higher than you hoped?

My only concern is getting the funding for where I need to be, which is WeHo area due to work.

At that point he disagreed it was of concern and we (reluctantly on my part) agreed to monitor the progress and then reconvene.