I recommend assembling a reliable team of professionals to help mitigate risks and support your growth.

You can mitigate almost all of the risk by just hiring an excellent property manager. 

This way, you might mitigate some risks and get guidance for your first rehab.Single-Family Investment for Cash Flow: Starting with a single-family property in a stable, affordable market might align well with your goals.

Risk Mitigation: - Diversify your investment portfolio.

Risk mitigation? 

An attorney would be able to advise on risk mitigation via insurance vs an entity + commercial loan.

If you choose to sell, consider post-retirement timing, installment sales, or a 1031 exchange to mitigate taxes.

@Steven OlivasThe strategy for long-term buy-and-hold properties focuses on cash flow, appreciation, and risk mitigation.

They are a great tool for asset protection (when you have assets to protect), but they are by no means the end all be all of liability mitigation.

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