Rates, closing costs, and points also play a huge role in making the right move and can save you extra.You also want to make sure you have multiple terms like ARM products, Interest Only, No Prepayment penalties, etc.If you want to talk REI feel free to reach out I enjoy helping when ever possible.  

I am hoping people start to realize what a gem Virginia Beach is and we get some more industries moving in, some changes in regulations to draw businesses into Virginia I think would really blow up the area.

My PM found it, the owner was moving out of the country, got it off market at BELOW market value.

I am in the process of creating binders for each of my properties with all the information about them including the current leases.

you're overthinking of the process. 

I'm not as far in the process as you were, but I did end up calling and emailing her to cancel any transactions and inquiries. 

I am trying to decide if i want to move forward with this house?

There is no standard form, but the notice should clearly state your intent to terminate their tenancy and the move-out date.

Especially with STR, you need things fixed ASAP, can't wait on warranty claims to get processed.  

Sorry to not offer a connection, but for this one I think your best bet is to find the "land specialist" realtor in the area and get a CMA.If you want an extremely precise number hiring an appraiser is most likely the move.