@Tab Teehee  what you are feeling is what typically every land owner feels.

We typically run from anything north of 15% in our market.

This is a typical report from her - I've blacked out the tenant name.

TLO and Lexis Nexis are typically mentioned as the top two.

We don’t know where this property is, or the typical “flooding” causes there, you need to find out the cause regardless, of course.  

On #2, i have been researching today what people typically charge. 

@Troy Ramey made some excellent points, I would also add that you should look into the 3% down payment conventional loan options, as they are typically much better loans for people with decent credit than FHA loans are.

Most of our tenants carry significant dept, often student loans, typically credit cards and personal loans.

My repairs/capex are typically half of what you have because of the extent of the rehab.

A conventional mortgage will typically need 20% down.