Cost us on the back end at sale time, and could have saved a little bit of "extras" along the way to help mitigate those costs.

Upon jumping in, will I discover ways to mitigate the need to be my own boots on the ground? 

Does anyone know the best (and most economical) way to mitigate this noise WITHOUT putting in a carpet upstairs? 

Fannie Mae has a 10 financed property rule that says once you have 10 financed properties, you are no longer eligible to get anymore properties financed via Fannie Mae.Most people want to hold properties in an LLC for reasons of separation and privacy and risk mitigation.

All that is required is written notice of your potentials but we strongly encourage that you have your new property actually under contract during that time to mitigate some of that risk.It's even perfectly fine to have the new property under contract before the old property closes. 

By midnight on day 45 you must have a list in place and from that point it cannot be changed and you must close on one or more of those properties.You do not have to be under contract in that 45 day period but it's a really good idea to mitigate risk. 

Things may very well be different there, but you should look into it.Generally, you have a duty to mitigate your damages. 

I think that the vacancies and repairs could become an issue, but also could be mitigated if you ran your numbers more on the conservative side, so if your expected vacancy for your area is around 7%, I would run the numbers and make sure that your numbers still work when ran at a 10% vacancy! 

You would probably be obligated to mitigate your damages after evicting her, which would mean finding a replacement tenant, giving the evicted tenant grounds to demand a refund of her prepaid rent.

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.