If you are set on self managing though, here are answers to your questions:- Most of the time in the U.S. it is just first month's rent and security deposit, I believe that this is actually determined by laws that vary from state to state.

We are closing in on the dead line for lead based paint inspections for rental dwelling units...."

I'm sure the answer would vary depending on who you ask.

We are going to touch base in a day or two.I have run the numbers on the Brrrr calculator, but have ZERO confidence that my guesstimate about rehab costs are accurate.

In CA my understanding is I have the eradicate based on the warrant of inhabitability, but I can charge it back to the tenant if they are at fault.

Markets vary but Atlanta and NE Georgia vacancy rates are very low.

My Padsplit rep is actually based out of Vegas as well. 

(Lender options vary by state). 

I too am based in Chicago.

Vice versa, if you are just starting out, you might want to be more conservative to tackle any unexpected expenses that arise.The 70% rule is an industry standard, but that doesn't mean you can't adjust it based on your desired ROI.