I had 2 offers the first day we listed it for sale.I still buy the lower priced ones and rehab them but then I hold them as rentals.Sort of a rule of thumb for me is anything under $100k = rental above $100k is a potential flip.It's a bit of a slippery slope though because I avoid higher end homes which would be $400k+ in our market because they are harder to sell and I don't want to get stuck with one in a downturn.

My rule of thumb is about 1% of insured value. 

Brokers will over enforce rules so that there is no possibility of an issue arising.

A speculator is someone who buys with the intent of improving and flipping.Most people who call themselves wholesalers are wannabe dealmakers who don't have the capacity to close on a deal themselves.

Work on improving your credit score and building your cash reserves.Do you intend to house hack upon arrival?

I have a property I'll have title to and close this month what are the guidelines for getting a line of credit on the property? What are the rates with good credit score and loan terms?

As these areas continue to improve you'll get appreciation and that will give you options.

I did add a high maintenance percentage to cover any direct damage.As part of the town rules there needs to be an onsite property manager.  

As soon as you can comfortably do it after you close on an improved property get the exterior door locks changed.  

For example starting payroll, filling W-9 for independent contractors, tax rules, bookkeeping e.t.c?