Aloha Russell,I purchased a property in a floodway in Honolulu Hawaii.

Most work this way Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

The broker/ acquisition fee is a percentage of the total deal (estimated property and reno) or just the purchase price of the property?  

This means that these purchases are negative thousands of dollars per month.  

What is the purchase price or capital required to assume the note? 

Medical/physician programs are typically best for primary or investment purchases..check in with @Joseph Chiofalo he is a national lender and refinance savant that's worked closely with me for over two decades.

I am in the process of purchasing my first rental property and am looking for any advice on what to anticipate as a new Landlord.

Did you purchase your current home with a VA loan?

We will put that $95,000 into the emergency fund and continue to save money until our next purchase.

Borrowers usually only put down a fraction of the purchase price, the lender is stuck with the property if either of the above criteria fail.