It can just help mitigate risk.

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

Even competent 3rd party management can only mitigate, not necessarily address many of the issues that arise when owning lower tier properties & population growth alone is not a magic pill. 

Co-living, on the other hand, mitigates this risk by creating multiple income streams.

Mitigation Strategies:Consider qualifying as a Real Estate ProfessionalGenerate passive income through strategic investmentsPlan property dispositions to release suspended lossesMake appropriate grouping electionsStructure leases to demonstrate active participationThe Bottom Line:Cost segregation studies remain a valuable tax planning tool.

A 30% above the cost of non-renewable energy was, at that time, considered marketable, more than that and they did not generally build after permitting.BTW, on government land leases there are requirements to mitigate impacts, so replacement land is required if the land used is habitat for certain species. 

Diversifying your portfolio can also be beneficial, as it helps mitigate risks associated with market fluctuations.

In many markets section 8 is higher than market rate. and investors need that extra return to mitigate the risk of sec 8 tenants generally speaking.

Find a primary residence to get reps in and mitigate risk.

It's not simple, sorry.If you have not closed, consider tax mitigation strategies such as a 1031 exchange.