In that case if its 50+ miles from your job then you may consider quitting and being a full time student while letting your co-signors help you qualify for the loan in tandem with the income already available on the property.The reason you wont want to use conventional or hard money or etc is the down payment will be 25%+ down unless if you have it and its sitting around readily available to be deployed.

It is completely vacant, with an abandoned car sitting next to the property since 2008.

I am sure you are sitting there thinking to yourself 'To make money!!!

@Mark S.  It

That's why you want "on time delivery" of materials when you expect them to be installed and avoid letting them sit around the job site. 

What's your all-in number on this right now as it sits today?

Would Chase sit around, send out a letter and then not follow up with legal action?

Sit down & have a talk with them - keep calm, be business-like & see if you can come to a middle ground.

Is everyone just sitting around a big table or something or how many people go on average? 

@Andrew Edwards - Dude, you are sitting on a gold mine (actually your sitting "in" a gold mine).