Giving them a laundry list of items will typically just overwhelm them and create more confusion instead of giving them a smaller step process to get more confidence to get the ball rolling and then they can get into the weeds on their state when they get the contractors out there, have local bids come in, and dial in their plan. 

I think holding is a great long term plan.

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

You have to adjust your expectations to match current reality, which includes higher mortgage rates, higher prices, more expensive taxes and insurance, more competition, etc.

They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

Just be mindful of the variable rates and have a plan to cover payments if rental income slows down.

I would both buy a property to get your feet wet and at the same time make a plan to scale.  

Initially, our plan was to fix the drywall leaks, clean out the property, and relist it for a small profit.

I look for cashflow to service the debt, repairs, cap ex, taxes, and insurance while the equity grows, my taxes are decreased, and rents are increased to make more cashflow. 

I just set up my vrbo account and still some finer details about planning the communication, cleaning service, maintenance persons, etc…