A little bit about my background is that I'm 23 and I was introduced to the idea last year from a mentor.  

My background is I got a divorce last year, lost all assets and am rebuilding my portfolio.

If they like the unit we have go through the same application process as a non-HUD tenant which involves a background check and other checks.

3x rent, background credit check etcWe house hacked a rental with the landlords  permission and that is what helped us have the money to buy our first two homes!

For a quick background, I moved to Royal Oak, MI in July 2014 and purchased a property to live in. 

My background & experience in real estate investing is limited, and dates back about 2 years.

Honestly, with your background, your bigger problem will not be finding money but finding good deals.

My point was meant to provide a little background or context for this question: What are some business tips or advisories you could offer a couple that assume the inherent differences between us and a strictly professional partnership?  

I have a construction background, mostly commercial and retail construction, but i am seeing that i will probably need to start with residential because of my low funds.  

I started in the business back in 2002, and came from a tax accountant background (real estate is infinitely more exciting).