It also could come from not having an experienced partner to help mitigate risk. 

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

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

If I invested in FL, CA, AZ, NV, I'd probably have a different opinion, but warmer climate still doesn't mitigate the liability and maninenace objections.

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

., income, credit score, rental history) to evaluate applications in the order they are received.Notify Applicants: Let each applicant know you will process applications sequentially and explain your timeline for review.Act Promptly: If the first applicant meets your criteria, move forward with their application and provide them with a clear deadline to sign the lease and pay the deposit.Move to the Next: Only if the first applicant does not meet the criteria or declines the lease should you proceed to the next application.By focusing on one application at a time, you simplify the process, maintain transparency, and mitigate any potential fair housing concerns.Lastly, since housing laws can vary by location, double-check Arizona’s landlord-tenant regulations to ensure compliance with any local rules about how applications are handled.Best of luck with your rental process!

If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.

Quote from @V.G Jason:  Extract the long-term value(appreciation) by hanging tight for 8 yrs ++,  mitigate cash flow by keeping more money in the deal and/or altering rental formation. 

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

With any investment there are risks, but how much control you have to mitigate risk is what makes the income snowball a low risk strategy.