There are expenses other than just the mortgage costs (like taxes, insurance, utilities, lawn care, maintenance, etc) that would have to be taken into account. 

I’ve looked into tax foreclosure, mortgage foreclosure (sheriff sales) and buying properties that are listed on MLS to flip.

Would look for offlist Tax sales of 20 acres or more.

Other markets I'm considering are Nevada and Arizona, which have lower property tax rates and higher appreciation than Indiana. 

The properties now have the potential to go up for a tax sale by next month. 

Although that money would be tax free it puts you in a tougher position down the road and you may even have to do a cash in refinance depending what your property appraises for.

Will we lose the primary residence capital gains tax advantage if we transfer the deed into an LLC?

Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.

From favorable lending rates to tax benefits for homeowners, these policies are designed to encourage buying and selling activities.

Managing multiple properties does come with its own set of challenges, like juggling different maintenance issues, taxes, and possibly even varying market conditions if they're not all in the same area.Here's where your financial goals come into play: Are you looking for a more hands-on investment with potentially higher cash flow from the get-go?