Another key component in your team is a real estate attorney since there will be many legal contracts in your future.How Will I Generate Leads?

You will find this community to align with the goals you have outlined above.

I would video a walk through of the house showing the 20 major components of a rehab and place that video link on Craigslist.

Keep working hard, dont spent all that money, and align yourself with some good people! 

Become clear on what your goals are, why you choose those goals and start building relationships with an alignment of interest to bring the goal to fruition.

My thoughts were to budget for (i) V by calling different PM's and getting their feel for what my target regions are experiencing in vacancies, (ii) M by getting actual M costs (gardener, annual lawn maintenance, etc) from service providers in the area, and (iii) CE by taking the useful life of every major component in the property (roof, electric panel, water heater, etc) and dividing by the cost to replace in an effort to determine expected CE.

You'll find much of what you need to know on here or in the books published by BP.Off the cuff I would say the important things to look for are location, cash flow, appreciation potential, and what aligns with your goals. 

The more you meet people the more you find the right people to align yourself with.

I would also recommend joining the Ga REIA and looking for events and sub-groups that align with your interests.

You have to look at all of the component parts and decide what needs to be addressed up front, and what will need to be addressed along the way and reserve for those expenditures.