Often times the mortgage insurance is lower, and it allows you to buy a more beat up property that might actually be a "good deal". 

Some good advice if I may is to have a really good insurance policy that covers rental loss, and 3-6 months of full expenses in each of your rentals bank account.

I am moving down to Indianapolis Indiana and I am curious if anyone has any suggestions or recommendations for a good and investor friendly title company?

Insurance: you have $50/mo = $600/yr.  

The desk jockey told us that it could be an issue with the title on the property which could take anywhere from 1 month to 10 months to resolve.

Insurance industry.

If the LLC is on the deed/title then that LLC owns the property. 

. $7,600 for taxes and insurance. $4,920 for management (plus lease-ups and renewals).

@Adrian ChuARV $140,000County assessment $78,900Taxes are $2,287 ($190 a month)Insured through NREIG at $556 ($46 a month)I bought it cash but will refinance it for $60,000 @ 5 75%.P&I $350Total liabilities $586It will rent for $1,200$1,200-$586 = $614 cash flow and CapEx

Having a good contractor (on the team or not) is essential to avoid this.I’m not sure about your State, but you should be clear about general contracting rules and regulations, length of liability, license and permit requirements, etc. before you start flipping OR make sure these responsibilities are included in the list of responsibilities of your contractor.If you’re going to partner with a contractor financially (equity share) and you both create an LLC, I’m not an insurance expert nor lawyer, but I would be clear (signed/notarized documents) about who is doing what within the Partnership Agreement.