It really depends on how much capital you have to purchase and renovate, and what the ARV of each property is.Investigate your local market by visiting properties in person to get a sense of the market. 

With title insurance.The Low Baller – I will define this person by an example from my property brokering days 40 years ago.

Next, persons loosing jobs. 

In the context of an LLC, you personally are the "parent" owner as LLCs are essentially pass thrus in terms of taxes.

That kind of situation can happen with any lender — even when purchasing a personal residence.

I am a pretty cautious person especially when it comes to money and time.

@Lars Hartvig Kristiansen - great question and congrats on getting theming going - I've found that when building a team starting first with making sure your values are aligned and you can trust the person is paramount in importance  

Let’s say hypothetically  they were willing to sign a lien / deed of trust / mortgage in my favor to protect my position.Also, let’s say that the person that was selling and did the deed of trust to secure assumption ended up having a judgment at a later date.. could I foreclose on the deed of trust / mortgage to clear title?

is this one that you'd met in person? 

I always like to meet people in person but the majority of investors that work with me rarely meet me for years.