Also, get all personal info (DOB, SSN) from the seller in case needed when talking to lenders, lienholders, etc.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

I put 20% down using personal and private lending.How did you add value to the deal?

I know lots of installers don't do it, and I personally prefer the unimpeded look, but anything installed outside of the requirements of the material is probably going to be limited, i.e. the insurance company is not going to pay you because the material was not installed according to flooring requirements. 

Personally I look at that as the easy side of putting value to a  BRRR or fix and flips.

I'm also starting off my own personal investment property journey with my husband. 

The person who comes into money but not a lot of experience in real estate should be a little more cautious right now.So overall, I am not saying - do not buy, I am saying be careful.

I leveraged my owned land to build my personal home.

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).