I've seen seasoning periods as low as 30 days (Rare and more expensive) But typically it is a 6 mo to 1 year requirement 

Get as much as you can from the buyer to benefit the seller, not yourself.But if you are another scammer wholesaler and trying to get the property for as low of an amount as you can from the seller and take as much profit that you can scam out of the deal, then you are the typical wholesaler and should not call yourself a broker. 

The BRRRR strategy is usually used to get your initial investment back but it is necessary to purchase the property with equity built in, otherwise, the typical low down payment house would take around 5 years to reach the 20% equity mark.I would recommend reaching out to @Amber Gonion and her husband Rick. 

@Marcia MaynardI have personally never liked the idea of a basement bedroom and most houses in the neighborhood don’t have this feature either.

That typically won’t be GC’s.....more handymen/jack of all trades type guys.

You  CAN borrow non-recourse funds (there is a list that float around here of providers for those) that typically require 35-50% down payment.

Then as far as the residential space goes, your first year typically consists of working your "sphere".

GENERAL INFOThe property is:1) Out of state2) A single family buy and hold rental3) In good condition4) Occupied by a tenant5) My first investment propertyThe quotes are from:1) An insurance broker in my home state (CA) who typically uses Safeco2) An insurance broker in the property’s state (Ohio) who quoted Berkshire Hathaway Guard3) One of the big name insurance companies, located in the property’s state (Ohio)Any questions (replacement cost vs actual cash value, etc) I should be aware of and asking?

I don't know why but I do know the top contributors feature can change Quickly.

Is there typically a rule of them for these things?