I like the idea of less money into the property with decent cash flow, but would love to hear your thoughts on managing these properties and how you mitigate your risk with the tenants with these cheaper homes?

@Todd Burton On the professional search page, I did see a Oceanpointe and a Steven Rosenbaum.https://mylicense.in.gov/everification/Details.asp...I'm not familiar with Indiana RE law, does this mitigate your concern on the licensing front?

If when reading the report the readers assessment is not the same as the score results the reader is not skilled enough to understand what the report has concluded.If a credit score did not mean anything it would not be a financial standard used successfully around the world to mitigate risk.

Know the location and operation of the main water cut-off valve and all electric breakers and how to switch the valve or breakers off at appropriate times to mitigate any potential damage;L.

If so are they each individually in land trusts to mitigate your risk if a lawsuit occurs on one of the properties?  

Nice thing is I only need one and do not often need to evict or replace when I find that one.The reality is that in mitigating risks a good credit score/history will never be a negative and a bad credit score/history will never be a positive.

Mitigate the risk.

If that is sufficient in terms of liability protection is linked to many other subjective factors particular to your situation, and even then you still need to do many things outside of an LLC for risk mitigation. 

The reason for this is because you mitigate your risks and increase your changes of a higher cash-flow.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.