If the tenants are on contract, you will inherit that low income until the lease is up.

This item is one of the more requested items to have in our house.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

What you want to discourage is the tenant 'helping' you with feedback/action that is outside the scope of the lease.  

My lease agreement informs them that I expect them to do this and I have instructions this, and they have asked me for these very instructions, which I have yet to create.  

Hey @Devon Moore not sure where or why you'd lean towards a land lease unless that's standard for this developer.In my experience its difficult to capitalize deals with ground leases involved.  

Alternatively, are there some ballpark estimates for each expense item (e.g., 8% for vacancy, 3% for capex, etc.) that can be factored in as realistic or worst case scenarios when analyzing the deal?

In Maryland for a year lease, you have to give 90 day notice of non-renewal.

Purchase price: $595,000 Cash invested: $125,000 Purchased with the intent to lease to the tenant.

Why do this instead of separate leases?