Anything less, has to be presented to the higher ups for approval.  

Finally, when a deal presents itself, you'll be confident enough to respond immediately and have a team which can get it done.

I’m currently in a position where I have partners who can assist with funding and a dev team ready to build out enterprise software if the opportunity presents itself.

If you are prepared and ready to buy a rental property I would consider doing so if the opportunity presents itself.

If not (or small amounts), other means might be available and worth pursuing.Here's why I ask...Assume $100K house (present condition), $20K purchase price (or less, as is realistic in tax lien situations, 10-15% (or less) is common). 

Plumbing - old pipes or copper present?  

In my humble opinion, anything near the downtown area has been neglected and presents a lot of opportunity because similar places in the other cities are already out priced. 

A good commercial mortgage broker can present you an array of debt financing options. 

I received a severance package and had money saved, so what is the best way to present my finances and deal to the bank to get the line of credit approved?

No sense making this overly complicated.I think the best information on wholesaling that I ever studied is the course presented, recorded and the accompanying manual by Mike Cantu, "Don't Get Voted Off Real Estate Island."