Of course, the picture is static, so it captured the values I had input when I took the screen shot.  

Can you go through what each item means and tell me if I will have to pay a monthly fee also. here it is...No QualifyingNo IncomeNo AssetsNo PointsNo Prepayment Penalty12% – 18% Interest Only*6 Month Term(Extension Provisions Available)Up to 80% Loan to Cost    ....how do I figure that out?....

If the property is being held long-term for future appreciation (vacant land, for example), then the mortgage interest is an investment interest deduction on Schedule A, but only if you itemize.  

This is for work items like sprinklers, replacing faucets, paint touch-up, etc.

Like in the podcast 77 Where @Michael Quarles(can't link him) talks about how in the grocery store, he doesn't want to feel uncomfortable when grabbing an item off a shelf next to someone he bought a house from.

Make sure to take pictures and a video of the property after you have cleaned and fixed any items. 

This would imply that some amount of repairs or cures would be needed to capture the "potential" of the home selling for $155,000. 

Ive been having some difficulty comping out the piece of land as this particular property has all utilities already set for the property ( water, sewer(not septic) and electric) and most of the land properties do not have this, does anyone know how much it generally costs to get these items set up?

It's the same reason you can put an investor lead capture API on your website and send information to someone who requests it. 

@Brant Vaught  If you have no cash reserves, then your FIRST item of business is to BUILD YORU CASH RESERVES!!