You might very easily find someone nearby who'd love the extra side income of coming by for a couple hours 2-3 times a week to clean. 

I have been in research mode with my investment partner for the past few months, making sure that we were gathering as much knowledge to decide on which path we wanted to start with.

If you're ever in the area shoot me an PM and I'm glad to grab some coffee and share what knowledge and experience I have.

He’s out of state so I cant just go meet him He seems very knowledgeable about real estate but I don’t want to be burned tying up a property and potentially losing my deposit and the deal.

Thats a year for an extra 10k.

The sellers also have their eyes in the sky in regards to pricing because they believe that the commercial aspect is enough to raise the price, even though the land is outside the development currently.Does anyone have any advice, tips, or knowledge on the subject?

The 585,000 number is based on the income-approach used in commercial properties, but it sounds like the appraisal approach would have to be comp-based because it is still a residential property (4 units) at the present time and there is a chance the city won't allow the extra unit.The 461,500 number is the all-in price - purchase+rehab+holding costs. 

I do not own the property, i am a newbie investor trying to understand what is needed to basically get a house under a lease with option to purchase contract and assign my position to someone who cant qualify for a loan due to there current position but but are willing to pay a little extra on this lease agreement because they are serious about picking up there credit score and at the end, actually closing on the house.

- I know a Insurance Broker in my area but wanted to reach out to the community first to get some peoples opinions and knowledge to have an idea of what I want before talking to him

In my search for knowledge and aquiring first hand and realistic education, I think a job in real estate may help me learn faster and come with more 'aha' moments.