Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

I’ve found a SFR that needs a lot of work: foundation, water mitigation, plumbing (and this is what I can see).

Now tenanted and has some operating history to show.Basically there should be a 'story' behind why there is limited info being provided and you need to find out what it is.Regardless, limited information means more guess work on your part which means more risk and so a lower price to mitigate and leave a bigger buffer.

Of coarse eventually there will be a “ correction” and The best thing to do is preparation to mitigate loss .dont be too over leveraged and be sure to have reserves .

My current short term goal is just starting a portfolio, once I do my due diligence and study as much as a possibly can to mitigate my risks.

Define your strategy, find a property, model out the risks and plan to mitigate etc.

This will allow for greater cash flow while only tying up the down payment -- you can use any other money for additional cash flowing properties keeping diversity of occupancy to mitigate risks. 

Any and all help, direction, or insight in what you all are doing to mitigate risk and take advantage of fixed low-interest rates would be great!

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Maybe the amount you would be able to save in two years would help mitigate the difference in list price versus 70% LTV refi?