So, I assume the intention was generate income. 

I'm already taking the first couple of steps in finding off-market deals all of the time; I'm using list generating websites, driving/walking different routes of my neighborhood and skip tracing addresses, talking to people at the market, the dog park, volunteers at my job about investing and looking for houses.... 

I am hoping that it can generate good cash flow as Spring, TX seems to be a renters market and being close to Exxon HQ and Woodlands.

The debt coverage ratio is an indicator to the bank there there will or will not be enough income generated by the subject property to pay off the mortgage.

But I honestly don't think they verify and ask for any proof that you are in fact part of one of the groups so you could probably just pick any random group during the signup process and say you are a part of that group. 

If they were able to do 20% down, the income the property was generating would have allowed a commercial appraisal but Fannie isn't in the business of investment financing. 

My understanding is comps are generally used for residential real estate, while the income generating potential of commercial property is what determines the value.

It had every generation wiring and plumbing.

Lead generating, meaning spending time to connect and build relationships with others to help build your pipeline.

I'm telling you as a local that the property is worth no more than 75,000 in it's current condition yet it is being assessed for ~$100,000 due to it generating rental income in the last 3 years.