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I desire to begin investing asap so I started the process of  learning as much as I can by reading and watching videos.

My process involves two steps.

Just document the current condition before the cleanup process and follow any other local law or procedure that is in your municipality. 

Then go for a rug that mixes those colors together well (you also really need a coffee table to fill the space and something vertical like a floor lamp to help balance out the different window sizes.)

The more you know ahead of time, the easier the process will be.

Then look for a partner or partners to fill in the gaps.

This ensures that any payout for damage or liability can be processed more smoothly, and it can help protect your interests if something happens on the property. 

I'm in the same process and have the same question.

I wanted to offer him about $50K over what is remaining on the mortgage and go through the 60-90 day process to assume the existing mortgage.