Because than that Brokerage brand can spread those cost's out over the big pool thus mitigating those cost's down. 

You can share that with your accountant and start to have a conversation now of what your tax liability (if any) from this deal may look like and start to develop plans on how to potentially mitigate those if they are substantial.

Diversification of your portfolio, both geographically and by property type, can spread risk and mitigate the impact of localized economic conditions.

Hoping to find tax professionals/CPA's to help us make intelligent decisions related to our top goal of tax mitigation.

Now you do have an obligation to mitigate your losses.

If yes to invest in NY, what would be the recommendation criteria that I can implement to protect me to some degree.Hey Jessenia, if you decide to stick with NY, focus on understanding local laws, tenant screening, and working with a good property management company to help mitigate risks.

Be transparent about risks and mitigation strategies.Negotiate Terms: Once you identify interested investors, negotiate terms that align with your goals and their expectations.

As you sort of infer - we look at mitigating risk by how much security deposit we require.  

Should you decide to proceed with such a transaction, it would be prudent to ensure that sufficient capital reserves are available to mitigate this risk.

I was wondering if there were risk mitigation strategies I could employ.