Lending programs can vary by state (and of course by lender).The terms I most commonly see for brand new investors is 12% interest and 3pts for a 1-yr loan at 90% of purchase and rehab. 

It's not like you're buying the Walt Disney Company with all its goodwill, brand equity, etc. 

I'm brand new to wholesaling and still learning a lot.

The ones that are here are brand new, on newly developed land and not for sale.Any advice on what I should do?  

There are amazing benefits to it however: learning lead generation/marketing/brand awareness, networking, learning your market better, creative finance...on and on...Take the time to interview someone locally and keep an open mind.

I'd ultimately like to make $600-$1,000 per month in cash-flow.Since housing tends to be pretty expensive in my area, I don't know if I want to focus on buying properties here (as a beginner), or expand to long-distance investing.Some suggestions / advice here would be greatly appreciated.As mentioned, I am brand new to all of this! 

My first home purchase was a brand new townhome.

Its a completely remolded house with brand new ac/heater/furnace and 10-year roof.

No need to reinvent the wheel.With that being said, Samsung isn't a brand I consider for a high end remodel.

Of course if you use turnkey your return is lower but you get basically a brand new house and spend less time.