LOL.. most investors probably would not have bought there because the returns would have looked to low compared to other markets in the country... but as you point out you mitigate risk with the proper property to start.Much like what happened in the Portland market.. not a hot bed for most investors to buy rentals other than savvy locals or CA folks. 

Simply be sure you have a few exit strategies and run some worst case scenarios to mitigate your risk.

However, by Iowa state law, no matter when they leave, the landlord must make due diligent efforts to rent unit asap to mitigate the landlords losses.

You can mitigate your self employment taxes.

I am looking to mitigate the overhead cost of upkeep for my rental properties. 

It was a valid loss mitigation strategy at the time.Q4 2018 ended with default rates at all-time lows, it'll be tough to make this happen.

We have gone through the mitigation process and have learned that insurance and restoration company estimate 3 months before repairs are complete and tenants could reside in the property. 

Third, once you understand the law, contact her via text and posted notice that you will have a contractor come to mitigate the mold on x date and time.  

When issues came up and I was losing sleep at night it was really nice to be able to drive to the property to help mitigate problems. 

The PM will control and report on progress and also mitigate issues with contractors, solicit and hire and record and report on actuals vs budgets for labor and materials costs.