It can be mitigated with the proper agreement.

This thing has major reno needed including fire damage mitigation.

Thanks again.No, this is not my asset class - I prefer a higher quality product, in turn I can capture a higher quality resident/tenant - mitigate turnover and increase ROI :)

And the cost to mitigate was over 1 mil.. so we just had to fence it off and we lost I think3 or 4 lots but did not have to do the work.. lot values at the time ( late 80s) were 125k each but we did not have to run utls which was 30k each ..

I'm currently renting the house month to month to a traveling nurse who's supposed to stay through November.A water mitigation crew came in and tore out some drywall and dried everything out and then a sister company then came out and gave me a quote.

Whether you want to buy a 2-4 unit place where you live in 1 unit and rent out the rest or do something like a live in flip (where you fix up a house over the course of 2-3 years, move out and sell it to capture a tax free profit), it will mitigate your risk because it is where you live. 

They offer so much in all the paperwork, scripting, and more to remove the problems you mention so the "error" part of trial and error is mitigated.

Dark stain can mitigate a lot of that, but it's really a judgement call on your part. 

-We have to move forward to help mitigate this problem b/c one owner lives 3 hours away and I live 30 min away and can't be at the house daily to empty dehumidifiers.

If you’re confident in the seller’s cooperation and financial standing, it may be worth the risk, but it’s important to assess this carefully.Balloon Payment Option: If you go the subject-to route, you can include a balloon payment structure to mitigate the lender’s risk or the seller’s concerns, while giving you time to repair and resell the property.4.