@Cristian Aviles-Morales I don't really like sharing the nitty gritty but here's some short answers1. tenants moving in earlier than they should have caused occupational permit issues. work permits I didn't know I needed were required. some ahole competitor who lost the deal to me I'm pretty sure knocked down some electrical wiring to one of the buildings and mysteriously the day after an "anonymous" caller reported it to the city. some guy harassing my contractors while they were working which I'm pretty sure was the same guy who vandalized my wires.2. my elevator pitch to short term investors. would you rather generate .01% in a checking account or invest with me and get an annualized 8% back on your money. you're basically making 800 times more.

As a newer investor the only concern with owning in personal name is when you have an "institutional" mortgage on the property.

Agree with @Michael Hacker, the extra weight might be your biggest concern. 

What about liability concerns from tenants or creditors?

For both equities and real estate.That is my concern, and why I asked the question.

This causes issues when trying to use a VA loan, as some sellers don't like government backed lending.

However, depending on where you are located, the local jurisdiction may give the landlord probably cause to evict, if in fact there is proven drug activity taking place. 

My concern is if we buy a turnkey property and put 20-25% down, how would we be able to add value to the property in order to refi at a higher price so we may get our initial money out and use it to buy another one?

Maybe over the long haul it will work, but definitely causes a lot of anxiety in the meantime.   

Samuel here...I have some concerns about your first purchase.