BUT reimburses the wholesaler for the original sale from the initial purchase of the property. 

You can attempt to verify all of this by contacting the providers (water/gas/electric, insurance company, HOA representatives, etc.).Also, make sure you have a couple of potential buyers lined up. 

I should have vetted my GC more thoroughly (trust, but verify).My agent(s) offered Property Management services to me on my rentals.

Most (if not all) will give you a free consultation, which is basically a phone call to see if there's some synergy, if there's an opportunity to work together, and some initial, high-level guidance. 

If you’re unsure of usable commercial space you need to verify.

We did one..we bought the home next door & initially we got $820/mo in a 70's era SFH in very very tired shape.When they moved after 5 years we rehabbed it for $18k & got $1400/mo & that was 6 years ago.We did bump the rents over 2 more tenants (now $1650/mo) but the current tenants do all the maintenance.When the 20 yr old HW tank burst at the seams they shut everything of, cleaned up the mess.

I do not include that here because I have not seen the room yet and don't want to count it if I can't verify.

Given that this is the first of what I hope is at least a handful of properties in the Chattanooga area, my initial thought is to furnish it, use it while I am there, and vacation rental it when I am not. 

Airbnb is relatively hot around us and we are located very close to two places that host classes/seminars/etc.Any initial gut thoughts?

I am kidding, the thing about the initial 2% is in places like Bay area it actually is a serious accomplishment.