Hey Marie, good plan on starting guest blogging! Good luck. Here's my way to handle this:
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No more than 2 links in the byline. More looks somewhat greedy and doesn't make sense anyway.
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I wouldn't guest blog on a PR N/A site but in all other cases PR doesn't matter. There are very new but very active sites: lots of tweets, likes and comments, lots of activity. Even if they are PR0 or PR1 they might be worth a show for two reasons: (1) They are likely to attract traffic (2) They are likely to have accumulated some considerable link power but it's not that visible yet using the tools. If there's activity on the blog, it's most likely to grow very fast! Besides, these new blogs are usually much easier to communicate with!
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None that I have faced, but here's one recent comment from one of our users: it looks like his guest post has outranked content on his own domain, so I'd pay attention to what you are guest blogging it to avoid your own guest posts competing with your own pages in Google search.