I guess I can raise the safety deposit to mitigate some of that.

So, I am looking for help to mitigate my wife's worry over risk; it would be much appreciated if anyone has some keen insights here.

We've come across some items that will require repairs such as: Wood rot, couple places but especially one of the outside window frames, needs to be repaired ASAPMold Removal in the Attic, seemed to have a significant amount in thereRadon mitigation, it was 4.4 which the action level is 4.0 Pci/LWe have one water heater not functional and another one that may need replacing soonRepointing some of the foundation, there are cracks along the edges, especially near the gutter systems so we would like to get that fixedIf anyone has any general advice/recommendations on any of the items or if there are contractors that are willing to give estimates, we greatly appreciate it!

@Perry DollarYou should have found a CPA as you were selling the properties.One way to mitigate taxes is through a 1031 exchange.

That will get your feet wet in real estate investing and mitigating your risk.  

I think in larger cities the risk is mitigated (we are currently stationed in Oklahoma City, and it's a large metro area, lots of other employers) so I'd worry less here b/c  of that. 

Good investors find ways to mitigate these costs and capitalize on the appreciation within the market.  

Unless you have structured your assets to mitigate legal risk, I would avoid the scenario.

Make sure to let him know how he is protected, and go over worst case scenarios, and let him know how you will mitigate them.

Your lease stating tenants are responsible for fines from their actions is definitely a good thing to have, but it’s only mitigating a part of your risk.For instance, let’s say your condo building has 100 units (made up numbers for easy math), and finds it needs to spend $1,000,000 on replacing the roof, siding, and HVAC.