They probably want a longer lease and you  should build in rent raises.  

These loans cover the costs associated withpreparing the land for subdivision, such as grading, infrastructure, and legalfees.Ground-Up Construction Loans:If you plan to build on the land, a ground-up construction loan might be ideal.These loans typically cover both the cost of the land and the construction.They can offer more flexibility and longer terms, making them suitable for avariety of projects.The best option will depend on your specific needs and plans for theproperty.

Currently, the change is up $3500/yr and laying a 10k deductible on each building.

I would prefer to synch up and build a relationship with a broker/agency.

True foreclosures are all cash purchases so if you don't even want to pay $25 for a list or for access to a good site, you are probably starting a long climb up the wrong tree.

Hello, just a little background, I just started looking into real estate investing not too long ago and am still very much in my research and learn as much as I can phase.

Had a similar situation, inherited a tenant from a former building owner, where the 3br rent was $550 month. 

I'm actually just getting started with investing.

@Alec Jacobs Perhaps start with seeking additional quotes.

I watched the 3:28:27 YouTube video "How to start an AirBnB business the ultimate free course" Rob posted on his channel Robuit and now feel equipped with everything I need to start my 1st STR.