I can safely say that getting in the game is most important, and if you can find a way to mitigate that mortgage as much as possible through rents, short term rentals, etc., then that's a win!

You should keep an eye on them to Mitigate your risk, and you'll be fine.3.

That will mitigate many problems down the road.  

How can I mitigate the risk of major repairs in properties you can't inspect?

We were able to negotiate closing costs, and radon mitigation to be covered by the seller.

Which I feel mitigates the OOS risk.

If it was some kind of major change then i would be more careful but this sounds like not a huge project and you can mitigate the risk.

Is there something I am missing, or an ideal way of forming an LLC to mitigate all of the issues?

I will remodel, of course, especially the main staff that always break like carpet to LVP, new water heater, maybe new roof, new plumbing electrical and HVAC all around, etc.But the problem is that I afraid of any long term issues with the structure.Anyone who owns those old properties can give me any advice on how to mitigate feature problems with these?

The deals are optimized for risk mitigation as well having a recession proof strategy.