For those of you who frequently use these loans, how do you mitigate the risk of needing to refinance in 5-7 years, but not having any idea what interest rates or credit availability will be like at that time? 

Here are some rules to follow to mitigate risk if buying at this point in the cycle:Buy for Cash FlowMake sure your asset is spinning off plenty of cash to the point that you can experience a year at double the average vacancy rate and still be cash flow positive.

talk to the neighbors and mitigate the risk.

I try to  stay away from the marginal lenders who do not understand the space well and so put in unfavorable conditions on the borrower to try and mitigate risk due to their lack of knowledge.  

Yea, I never bank on appreciation but positioning yourself with some of those factors I mentioned can certainly lead to some in the long run if not at the least mitigate some risk.

As we all know Cannabis became legal in Canada few weeks ago and tenants are allowed to have a small grow up (up to 5 plants if I am not mistaken) How are you handling it to make sure things don’t get out of control w...

Then you refinance it to pull your money out to do it again somewhere else.If you've never managed rehab before, you can just find a place that only needs a modest amount of updating the first time.Odd thing about it, the more distressed the property, the deeper the discount, which actually mitigates your risk of not getting positive cash flow later once you fix it up.But, like I said, if people are being conservative, you just have to do the analysis and show them.The other option is to find an agent that buys into your goals.

What is the best liability mitigation strategy?

I always try to mitigate my risk and i always look at things as an opportunity to make more in the future.   

First of all, I found the listing through a turnkey real estate investment company (found here on FB), and with stable and reputable property management in place and no renovations , wouldn't the "low rent" riskiness be more than mitigated by the volume of units (45/48 units) already tenanted?