There will always be a level of fear of failure and you will most likely experience some, mitigating that with diligence will keep you in a healthy state of paranoia.

Get into details on how renovations are done with units occupied, what systems they use to mitigate tenant fraud on applications, how they set price levels for the units?  

How to mitigate unexpecting costs that come up, is a battle that happens on every deal, but how we handle it is to keep the reps up.

You just mitigate it as best you can, carry good STR insurance and roll the dice!

Risk can be mitigated by having cash reserves.

She wants to put proceeds into a strategy that is not real estate, which obv presents challenges for tax mitigation.

., mitigating tax liability for passive and non-passive income).

You also leave out the fact that the government has a duty to others who don't live in the area, but who have to pay taxes (coercion) for the firefighting and clean up, and the first responders, to mitigate their harms.

When it corrects there are typically just a greater amount of opportunity especially when there was a large run up to the correction by those who did not follow traditional risk mitigation measures when investing.

A word of caution - this is a short term solution to mitigate the credit card load.