Hard money is typically short term but you never know, no rules so it doesn't hurt to ask.

Is there a rule of thumb to obtain ball park idea of all costs associated with closing?

The rules of the trustee do not apply to the new purchase so they cannot limit a foreclosure for example for a purchase done after the filing. 

Another common problem is getting 3 quotes, if you shop too much, then eventually, you will rule out all busy contractors, typically they are busy because they get hired most of the time.Anyway, can you post YOUR top 5 questions and I will try to pick the top 10 to answer them.

Standard where I am is 10% plus a small bonus when they find new tenants.This doesn't look like a great deal from the outset as it violates the 1% rule.  

With 50% rule cash flow would be $180

You must take risks, but, ensure that they are calculated risks.Below are some links to get you started. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/rules https://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

There are two Condos in Washington DC that are next to each other and the question is this: If a first time homebuyer with excellent credit and money in the bank were to buy both Condos owned by one company with the intention to make one a rental, can both be put under the same loan or are there 2 separate sets of rules since one will be a rental property.

The 10x rule by Grand Cardone is a great book to motivate you!

The reason is often cited from judges ruling on the enforcement of those instruments has to do with recognizing that the buyer/borrower is actually earning equity and is granted a greater level of interest in the real property than that of a typical renter.