The tensor product of a space with itself once is $V^{\otimes1}$, but what is $V^{\otimes0}$? Since it is an empty tensor product, it is - a fortiori - an empty product. So I'm looking for a "$1$" of some sort, just not sure what that would mean in this context.
"If I take the tensor product of a vector space with itself zero times, I would get ...",
and I am guessing here, but is it the underlying field, $\mathbb{F}$?
You are correct. In any case one has a notion of "product" and a "unit" for that product, the proper convention is that the "empty product" equals the "unit". If we are working with vector spaces over a field $F$ and the corresponding tensor product $\otimes_F$, the corresponding unit is the $F$-vector space $F$ itself. Indeed, there is a canonical isomorphism $V\otimes_FF\rightarrow V$ for any $F$-vector space $V$ given by $v\otimes\lambda\mapsto\lambda x$ (and similarly in the other order). Thus, the empty tensor product is $V^{\otimes0}=F$.