I mitigate any issues in my checkout instructions which say to put all trash in the outside cans.This has worked for us for 7 years now.

As long as we hold long-term and have an exit strategy to mitigate recapture. 

The bill, introduced by Assemblyman Isaac Bryan (D-Los Angeles), would require local governments to update hazard mitigation plans to address extreme heat by January 1, 2028.CAA’s concerns center around the potential for costly retrofitting mandates, particularly for older buildings not equipped for modern HVAC systems.

With sub-metering a owner will: Quickly identify water leaks; Promote common sense water conservation; Mitigate catastrophic plumbing events; Lower their tenants' over all rental expenses.

He doesn't strike me as having sufficient concern regarding risk mitigation?

This approach mitigates risk; if one property underperforms, the other may still generate income.

The strategic approach you mentioned helps in mitigating risks and positioning yourself for long-term success.

Include a fine for violations, additional fees for mitigating smoke damage (including odors), and whatever else is needed.

A well-planned acquisition strategy can help you scale while mitigating risks.

As to should you create an LLC - the answer here comes down to mitigating risk.