Also does anybody have a fairly simply commercial lease they would be willing to share?  

I'm somewhat new to RE, working my normal job and discovered BP. 

I am flexible to a client's request, if they insist on HD/Lowes, I would simply let them go with me on the first run, then request a "reloadable" card to not bother them, by then I could offer labor and material warranty (HD has really good return policy).

I am generally a big advocate of "driving for dollars"  - for those who don't know - it simply mean driving around looking for distressed houses that owners may be willing to sell - typical giveaways are boarded up houses, unkempt yards, citation notices on doors and the like.  

There is simply no way that repairs, maintenance, and capex will come to only $693/year on an SFH.   

Just simply tape or post notices or post cards to the door and maybe someone will notice and contact the original owner of record.

It seems you have already discovered how useful of a source this website can be!

@Aj Bowman- in terms of the property's market value, this can be a tricky thing to determine with vacant land (a lot of the appraisers I've talked to don't even have a firm handle on how to do it with much certainty - because in many cases, the data needed to make the determination simply isn't available).That being said, there are several things you can look at to help get you most of the way there.

If you think you will go FHA, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

Then simply add an ACH interface which should you can find for $.55 per transaction.