For most people starting out, a lot of the scaryness can be mitigated by continuing to read, listen to podcasts, and meet people.

It's not unreasonable to consider a wave of foreclosures if the gov does nothing to prevent/mitigate.

I look at it now and realize I've been lucky but have since mitigated that risk by treating this as a business.

A tax professional worth his or her salt would not only be able to run a projection but also advise on mitigation strategy. 

And how would you mitigate it?

@Tony Butindaro, sounds like you all have been doing a great job mitigating your all's loss, while also helping a lot of the tenants not get completely buried in debt.Something I've done, both in the past and currently, Is let unemployed tenants...or tenants I know are looking for extra cash...about general job opportunities I come across. 

Depending on the year it was built and the location/ market, they may need a 4 point inspection and wind mitigation report for an accurate quote.

You might mitigate the flood rating with an elevation certificate, which costs hundreds to obtain. 

@William Schlicher -If your primary motivation to sell is "the constantly anti-landlord policies in Alameda county and fear of getting stuck with tenants who do not pay and who we cannot evict", then local properties won't mitigate that fear.

How would you mitigate this issue?