Does anyone have strategies to mitigate this?

But the good news is you can “ know” and mitigate loss simply by being educated and understanding the The business .

I realize there are many people who do it successfully out of state and remotely HOWEVER a big part of this game is mitigating risk and I feel there's no easier way than if the property is a short 15 minute drive

Hopefully this would improve my cash flow opportunity along with raise rents, appreciation of the property and attempting to mitigate cost (although I bet a lot of people with experience might laugh at me there).

If your wife is willing to be on board with it, I think it's a no-brainer and mitigates a lot of the risk on your first few sets of deals.

I think purchasing an MDU is great for a first-time buyer but there are ways you can mitigate your risks.

From what we see on this side, it is very rare to see a bank ever stray from a loan where they have zero ability to mitigate risk and sell servicing or part of the loan off to someone.

, ask for mitigation - double security deposit and/or prepaid last month(s) rent.

I’m an insurance broker who works in all 50 states and I see far too often people, and RE investors especially, do not have their liability separated out correctly to mitigate their personal risk..Over and over I get the same types of questions when insuring a portfolio (of any size) from people who do notnfIlly understand the lIabIlIty they are exposed to..What questIons do you often have about where your liability extends to or what you’re exposed to?

Finally, can anyone recommend a lawyer in the Volusia County, Florida area that can help mitigate this situation?