Get higher rents on that one ASAP, and do this while you are working on mitigating the other side of the unit.

If you do a complete overhaul, you will need to mitigate. 

Risk Mitigation:8.

Developing mitigation strategies for high-risk areas helps reduce the project's overall risk profile.

Keep in mind hotels have a lot more moving parts and greater liability exposure yet we as a company still did not implement what you shared.Where we as operators differed was in our the understanding of the actual risks associated with owning real estate and how to mitigate or protect against them.

Furthermore, maintaining rigorous property management practices, keeping thorough records, and implementing robust tenant screening procedures can also mitigate risks.

This is still a savings for his family, but it ensures you are compensated and risk is mitigated. 

First, it's a plan-z measure, that if they have to take the asset back, that after all the expenses of such and what-not, there potential losses are mitigated to $0 or as close to $0 as possible.

Although there are numerous safeguards, contracts, escrows, that can be used to mitigate the additional risk, that risk can not be eliminated.

What risks have you or the people running the farms have encountered and mitigated?