Usually we would like to think that nothing will ever go that wrong but in fact they often do and far more often that we would care to admit. 

However my other tenant who is on "fixed income", I  initially raised the rent $50/month and she also had to cut all the grass all summer.

Be careful getting a loan in your name and transferring it to your LLC.

Is there anything to specifically look for or be careful of?

They smoked in it a few years then power was cut off so....theygrilled in the living room!

The government could care less what they do regarding landlords.

Take care!

No where have I found any advise on whether or not getting a law license is worth it for a scrappy two bit entrepreneur who's trying to cut down on title costs and create his own contracts. 

You have to read carefully if those restrictions are  not barrier in your investment.  

If you have a vacant property and pay me a property in disrepair and it's not feeding you income, you’re getting eaten up with property taxes with insurance, water bills, grass cutting, snow plowing, repairs and city violations.