The seller will finance, but asking price is too much for its current condition. 

We saw a condo property last week that was slightly discounted due to it's condition and the agent had 2 full price offers before the buyers actually went to see it. 

But you will not be receiving the best terms and conditions that you can find. 

For the personal finance angle, I would recommend checking out the BP Money podcast and Scott Trench's "Set for Life" book. 

The prior one took a solid 4 months to get a unit rented that was in great condition, super location, & slightly under-prices for the market.

However, the house is in very bad conditions, and will most likely have to be rebuilt.

“A condition of adverse possession is the possessor must trespass so that part is illegal in 100% of cases.

Then factor in your social life if you wanted one.

Furthermore, if the appraiser 's average is $50K per unit, his or her adjustments (Time,Condition,Location,Size) can easily push the adjusted Sale Comparison average above $55K per unit $1,430,000 Closer to your concluded Income Value of $1.5M.

It depends on the age, current condition of the property, and quality of tenants.5.