Is most areas, this will determine who (Marshalls Office or Sheriffs Office) will handle the situation when it comes to the eviction.Some squatters know their rights and how to finesse the legal system so be ready for that.

I've been trying to determine if the 1% down payment would hurt me in a BRRR (higher monthly mortgage rate and theoretically less to pull out in refinance).

However again if your bound and determined to buy the physical assset then you need to buy quality not C class.. you will NOT get consistent cash flow like you are thinking your will. you will have tenants stop paying you will then get NO rent for 2 to 6 months as you evict and then spend thousands rehabbing the house they just trashed..

Husband is also a licensed building contractor and wife is a realtor (if it matters).We are trying to determine if it makes the most sense to put our first property that we are purchasing together into an LLC or not?

Your estate could still go through probate to determine how the LLC and other assets are distributed.You may be able to record a "transfer on death" deed for your property so it automatically transfers to another person when you die.

How much you can spend will determine it. 

No question is ever too small or “stupid” here—curiosity and determination are key to success in this business.

If there’s no lease, the appraiser will determine the rent to calculate the DSCR.  

Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.

All it was used for was as a screen to determine whether a property was worth further consideration.