That is the very purpose of setting standards....denying applicants based on mitigating risk.

By understanding the potential risks and taking proactive measures to mitigate them, we can navigate the digital financial landscape more safely.Please share this message with your friends and family to raise awareness and empower others to make informed decisions about their financial security.Stay safe and informed,Links to my current situation .This reddit post sums it up and has several news links and twitter links .https://www.reddit.com/r/yotta/comments/1cv1mkc/simple_summary_and_your_recovery_steps/

I think being very involved in the tenant screening early on can help mitigate this risk.

Mitigating factors, this is a suburb where occupancy rates are high, rents are growing, and multiple innovation-based businesses are attracting young workers to the area.5) Are YOU investing in this deal?

But again its about recommending to them to pack a sufficient food and drink supply if a storm is possible.We also to try have ice melt and snow shovels on hand, extra blankets and stuff like that.To mitigate some of this think about a full time back up generator to keep the power.  

For those that don't (or won't) pay the fee, I focus on finding a replacement tenant as soon as possible and mitigating the damage to myself and the departing tenant.Texas law addresses this: https://statutes.capitol.texas.gov/Docs/PR/htm/PR.91.htm#91....Find a tenant.

Build a team of professionals, network with investors, and mitigate risk by screening tenants, having proper insurance, and having reserves.

Again, I think if you were to bring them on as property manager with no renter rights and require them to furnish the home and manage it and guarantee you your rent amount and allow them to keep everything else, you can at least mitigate your risks. 

And then mitigate. 

If some applicants fall below your requirements, then everyone would be considered "conditional," you can raise the security deposit to mitigate your risk of someone breaking up or defaulting.