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I been listening to Bigger Pockets Podcast, watching their youtube videos, and reading up on the Ultimate Guide to Real Estate for Beginner book... anything else I should do? 

A lot of people don't realize the interest rate can shoot up and the full amount can be called due.

For instance, if the farm has "hot assets" (e.g. unrealized receivables, substantially appreciated inventory, etc) your FIL would have to realize ordinary gain from the sale and can't defer that through installment.A Sec 754 election needs to be discussed as well if you're buying out your FIL's interest but your BIL is staying on.A good CPA is going to cost you, but will save you far more than his/her fee by doing things correctly and efficiently."

They fail to realize that when you list and your property doesn't sell for awhile then you don't fall into those categories.

By the time we realized the problem it was too close to closing.

Contractors spend hours putting together Bid Proposals and it's not fair to them if you waste their time by 'shopping' and price matching with other Contractors.If you 'bid shop' Contractor's numbers you are going to get a bad reputation, and you will have a hard time finding Contractors to bid your projects.Sure, you may save a few dollars upfront, but ultimately you are going to p*ss off a lot of contractors and potentially hurt your business long-term.

We decided that neither myself and girlfriend liked our jobs, and realized that if we were to switch carriers and advance our professional careers we would have to take pay cuts, and needed to supplement our income before switching careers How did you find this deal and how did you negotiate it?

Often times people don't realize that you can have higher cash flow and lower ROI and that's usually the case with higher rent properties.

Didn't realize having HOA would depend on the property appreciating.