The interest rate you will pay will likely be high (think 14-16%), that doesn't matter, you need cash now and this is probably the fastest way to get it based on your original post.Now, you have a little cash and an empty house.  

Have any of you ever dealt with an empty large building and if you have what became of it?

Can flowI can buy a duplex and then reno it and be all in for 40- 50k and rent it out for $1,300-$1,500 all day.Also with a mult it's almost never empty.

The last time I had an empty, my flooring guy made an odd comment to me.

I search Liberty Bank and came with so many that I didn't get to contact all of them and came up empty.      

However I do understand that with commercial comes the increased possibility that your building will sit empty for a long period of time and you have to be able to handle that mentally and financially.

If it is empty like most I am looking at, I will try to look in all the windows and judge the interior condition.   

I have a property under contract that has 6 empty units.

Definitely some easy equity in low income areas like Petersburg but you will probably run into problems with tenants along with vandalism when the home is empty.

You can literally buy a rental property that is empty and have the rental income counted towards you qualifying for the mortgage.