This is especially true if the lender initiates contact with you via email/online and is offering a too-good-to-be-true interest rate and asks you to wire them money for an application fee, origination fee, or some other fee.  

I think it would be great to learn about commercial deals in my area, and how commercial investors and agents operate.Any tips to help me along here would be greatly appreciated!

There are quite a few for pay membership online sites with foreclosure information. 

I used Corporate Housing By Owner and used a discount code I found on line to get the Silver Package so it came out to be about $350 for the year.

I had a landscaping business in college, have dabbled with multiple online business opportunities throughout my educational career, and have continued to read and read about real estate investing.

A few things:Found the listing online, saw the pics.

That information might be available online, or by phone, or in a few jurisdictions you may need to go ask them. 

Hi @John Woodrich, thank you for the tip, will definitely look into it.

The move-in date is 8/6, however they live out of town and won't be back for college until September (I told them I couldn't push the lease out a month).Given that they don't live in town, will it suffice to have them sign it online (currently using an online forms management software that makes online signatures quite easy)? 

If it's the latter, the online auction sites start the bids low as a teaser in order to get competition and more bids.