I would appreciate insights from experienced investors on potential exit plans or strategies you'd leverage if you found yourself in that situation.house hack with lowest down payment that makes sense.. refi and then go buy another house hack in two years do that 5 times over ten years and now you have 10 to 20 doors.. choose locations you would live in thereby mitigating risks of buying poor areas that are tough to manage 

With diligence, risk mitigation of portfolio composition etc., one can make NNN quite a good route.Also , be sure to get a NNN pro to help negotiate the NNN lease structure, term, escalators, concessions, rights, specific responsibilities, tenant improvement allowances, etc.

Understanding local market dynamics, building a trustworthy local network, and being prepared for potential travel are crucial steps to mitigate these challenges and make informed investment decisions.

In my opinion the downside risk eclipses the upside so I would save for a year or two and mitigate the potential for those losses.

You have more financing options if owner occupied and your risk is mitigated because you are living there.

Here's a few online sources on the matter:The fact of the matter is, the landlord cannot “double-dip,” collecting full rent from one tenant, who has vacated, and collecting again from the new tenant.From: https://corealestateattorneys.com/breaking-a-colorado-residential-lease/In Colorado, landlords are usually required to mitigate damages if you move out of your rental before the lease is up.

TAX ID NUMBERSIf you can't run a credit background to verify financial worthiness, find another way to verify their responsibility OR do something to mitigate the risk.

I hear risk mitigation and taxes often....from what I understand (but could be wrong) pass through entities like LLCs don't impact taxes all that much and a good insurance policy is much better on the risk management front than an LLC that may or may not be ran properly.

Read your insurance policy before making a claim as I think most do not cover long-term damage especially if it could be easily found and mitigated.

You should operate by the "intent" of the rule, which is to identify and mitigate risk.