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.

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.

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!