A lot of members of Bigger pockets seems to have “standard” rules they recommend and push from a lot of post I’ve seen, but almost all of them don’t apply to my area or deals.

So I’m sorta in a dilemma I’m currently under contract for my fourth rental and I was planning to take out another loan from my 401k to put as a 20% down payment which is around 38k but I currently got news that this company that I had applied for 3 months ago are interested in interviewing me and perhaps offering me a job which would increase my income and will have better benefits for me and it’s an overall better company for me long term than my employer that I am working with now.

(For example say a 4 bd/2 ba turned into a duplex each having 2 bd/1 ba)I am also wondering how distressed a property must be to qualify for a 203k... does the home have to first be considered to NOT be in livable condition, or can this loan be applied to a paint and carpet rehab?

Bernanke simply applied a Band-Aid (QE and low rates) and people levered back up.

Lesson Learned and will be applied on my next project. 

I'd get it if it's for a portfolio loan, but wouldn't conventional loans all be...I can't think of the wording, but the same rates apply everywhere.

When using the family resemblance test or Reves' multifactor test, you don't apply the Howey test.For "stocks", the Supreme Court came up with the Forman test. 

I know in some places there is a home owner's grant that is applied to taxes if it is your primary residence.

I am getting ready to purchase my first property, If I picked out a property that would need some work done, Would applying for a bank line of credit be helpful?

You have a greater risk in the more expensive property so you should be compensated for it. if you want $25000 on a $250000 piece of property the same percentage or more should apply.