Thank you for your response but not sure how Baltimore City Housing Office's incentive or Tenant Opportunity to Purchase Right can mitigate subpar tenant quality to a landlord.

As someone who just pulled the trigger a few months ago I decided to go with turnkey to mitigate my risk.

When financing a large-scale fix-and-flip project, assessing and managing risk is crucial for success.Risk Management StrategiesContingency Budgeting:Set aside a contingency fund (typically 10-20% of renovation costs) for unexpected expenses.Time Management:Develop a detailed project timeline to keep renovations on track and avoid extended holding costs.Partnerships:Collaborate with experienced contractors and real estate agents to mitigate risks associated with repairs and market positioning.Insurance:Obtain comprehensive insurance coverage, including builder’s risk insurance and general liability insurance, to protect against unforeseen events.Exit Strategy:Always have an exit strategy.

We were able to unload this one and mitigate our losses.Each deal, project, and day teaches me something new....so the biggest with win is surviving and persevering forward!

-which used to take 20-30 days but can now be multiple months.Yes, a good manager can help mitigate some risks, but I’ve had excellent tenants move in that I eventually evicted - life happens to good people!  

Depending on the amount, and the municipality you may be able to mitigate those down some.

. - Banks only stay in business by seriously mitigating risk, especially in the world of commercial loans where they may hold all of the paper.

In my experience, maintaining a checklist and staying organized is the key to mitigating risks and avoiding costly mistakes.

Some sponsors are mitigating this risk by raising their own pref tranches from their own investor base, thereby giving them control over the terms.In a strong up market it’s likely that rent growth and strong demand will drive up income, thus driving up value, which supports the ability to take out the pref.  

But all that 90% LTC stuff in 2021-2022 is likely deeply underwater.Your inference that the government is participating to mitigate bridge lender losses is incorrect.