@Stephen Gracia Welcome to Bigger Pockets and thank you for your service.

There are actually many options but it depends on your end game as to what makes the most sense.

She is on bigger pockets and a pro member. 

@David BalmedianoWelcome to Bigger Pockets.

Are there state specific forms for this or can I find something here on bigger pockets?

I recently graduated college and started my career as a mechanical engineer and have recently decided that while I love my job I don't want to work for the rest of my life, and real estate investing makes the most sense to me in order to gain financial freedom before I turn 60.I have been reading a ton of real estate books and discovered the bigger pockets book on rental property investing which gave me a great introduction to all the topics and possibilities in real estate.

Any time I reach in my pocket for repairs and rehabbing, I want to know how I am going to get my money back.

act...What I like about this property: is that it has seller financing which could get me in the game sooner (without using my personal credit). 

If we bid our own principle do we have to pay that out of pocket?

Both have been very helpful in my education into the business.I hope to discuss and possibly do business with many members at Bigger Pockets.