If you haven't talked to a lender yet, that's really your first step. 

Steps to follow?

my next step is to find the best and most affordable market for my investment!  

Next Steps: Find lenders, network for private money, explore seller financing, and set up gap funding.

Quote from @Chan Park: It's time to step and be a Landlord, as uncomfortable as it may seem.

Are there any guidelines or best practices (ie: rewiring such a property would be more valuable than updating insulation).Is it something you need to ask the insurance company about to get, or is all this determined in the initial interview with the potential insurer?

I guess my goal is to figure out my next steps and get a clearer picture of how I can break into the real estate world and start building something for the future.Thank you.

I've spent 2-3 hours a day for more than the last year learning about AI and then integrating ChatGPT into our practice.

Great job taking the step to get a property in contract! 

Keep records of all communication, and be prepared to take further steps if necessary.