Is a WiFi lock the best way to manage/mitigate this risk?

So at this point try to mitigate your losses.

The problem is there's a  county law that requires erosion mitigation plans and provisions for "land-disturbing activity" before cutting trees on commercial (not on the 12.4 agricultural land surrounding it).

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

After that I thought maybe a duplex or other multifamily home - something where if you get one bad renter, the others help mitigate the loss.

@Chris TetiThat’s true, but there are ways to mitigate that.

However, since you won't be signing on the loan, that mitigates most of the risk for you, which means your partner would have to have a very high level of trust in you.

If you maintain 1st position lien, have a sound legal document protecting your interest, Insurances in place and due diligence on the borrower (& the asset), you would be in a much safer position than as a LP in a syndication or just plain investing into Stocks/Bonds/Mutual Funds/ETFs etc. that are completely out of your control and not something you have any risk mitigation against.

The way I see it, subleasing is a risk and risk can be mitigated in these ways.