Now you need to get the construction rolling, only the 130k rehab is in escrow and your contractor, if he is worth a grain of salt, will want at least a 20k - 25k deposit on a job of that size, maybe more. 

I recommend two accounts: checking and savings.

For #2 & #3 I would check with other successful agents in your office. #4 should come from a solid agent referral as well

If it's the difference between $1800 and $2200 but you have to cover utilities too, not worth it. 

Check your local regulations if you plan to rent out the house. 

and what do you owe and what do you think the property is worth? 

I work with Property Management in Houston but can recommend some great networking/educational events for you :) Check out Space City REI - there's monthly meetups with an educational speaker relating to real estate investing and there are plenty of Investors looking for Wholesalers out there! 

You have to complete Schedule E if you have rentals.You should check if the turbo tax premier version allows the filing of Schedule E.With that said, using a software like Turbo Tax will assume you to understand what is deductible.If you work with a tax professional, you are more likely to have an accurate return.

We don't spend anywhere near that much nor do we go through 2k worth of linens, kitchen stuff or furniture.

The pricing for Real Estate is way out of whack due to no supply so everything is over priced right now and not sure if worth the house hack.