A thorough guest book, preferably digital, goes a long way toward eliminating basic questions and providing the best guest experience. 

Most importantly, I'm ready to take on risks.The Delima:So I believe I am ready to buy my first investment property but my objective is to do so with 100% "other people's money".

Simple ,refi/ HELOC, buy rental properties with double digit net caps, refi them, then do again and againGood Luck  

I think it's going to start around 3% but as soon as I can get rents up in a few years it'd already be double digits. 

I would definitely say to bring lots of business cards or set up a digital one to share.

You can pay for an appraisal or ask a REALTOR to provide a market analysis so you have an objective valuation, then negotiate with your parents from there.You still need to evaluate the property to determine if it's a smart investment.

There are always good ones, not-so-good ones, and objectively bad ones. 

There are many different ways that you can make money through real estate but if you aren't focused on a specific strategy starting out you will succumb to the shiny object syndrome which will have you bouncing from one thing to the next which usually results in not getting traction on any of the strategies.

Set your objectives, broken down in achievable steps.

But beware of chasing shiny objects.