Given that the seller is willing to finance (which I think is good), I'm also aware that without a third-party bank lender I won't have them watching over my shoulder making the normal checks.Is the best course of action to hire a local real estate lawyer with experience in commercial property to make sure I don't miss anything big?

Another thing you have to watch for these days is virtual meetings and interviews at home.

(yes i have watched 100s of YT videos) Property sits on .3 acres with a SF 13,939 also has big barn/shed in the back big enough for work shop and storing vehicle.I have ran comps and other homes that have been recently bought (updated) in the past 6mo sit around the 180k-215k price range. 

Watch yourself out there; don't jump in unprepared.  

I don’t yet have an insurance policy but after reading and watching a lot of content on the subject I just need clarification because it seems like having your money grow in multiple places is the way to go!

Watch other for rent signs in the area and see how fast they come and go.  

Too much would be if you watched hundreds of hours of BP content and read all the books out there and if you have not pulled trigger after all these actions, then the FEAR of "I am doing the right thing" steps in.

One day he decided to install flooring, so he watched YouTube videos and his floor looks like it was done professionally.Network with other investors and find someone that's working a project.

@Corey Burrows I'll watch for your contact. 

I realized I did not want to work a 9-5 for the rest of my life and miss the opportunity to watch her grow.