Risk Mitigation: - Diversify your investment portfolio.

There's a lot to be said about this but having process in place to mitigate turns going bad helps.

I’m not so concerned with how to turn them on, it’s more what immediate issues may I encounter when doing so and how can I mitigate them.

The challenge of navigating a high-demand area was mitigated by expert staging and marketing, which highlighted the home’s updated features, leading to an exceptional outcome.

Have them check the entire home, not just the areas you are aware of, and mitigate the issue altogether. 

Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants. 

Thorough vetting is absolutely essential in private lending to mitigate risks and protect your investment.Here are a few additional tips to enhance your due diligence process-Assess Their Exit Strategy: Whether it’s a flip, rental refi, or sale, make sure their exit strategy is realistic and aligns with market conditions.

@Jay Hinrichs @Patrick DesjardinsWe rep and warrant all notes (both re-performing and non-performing) to be a valid lien and to be in the lien position as disclosed at the time of purchase.Our current performance warranty on re-performing notes is as follows:"In the event that a re-performing note becomes delinquent, or enters non-performing status, PPR’s Loss Mitigation Department will notify the note investor within 30-60 days and then attempt to address and correct the payment issue prior to the loan becoming 120 days past due.

It certainly sounds like you are taking the necessary steps to mitigate your losses. 

If you’re worried about your “money” in banks or government turning off your account a la Cyprus, bitcoin doesn’t mitigate that risk either.