If I don’t succeed as a wholesaler, I would probably fare well in Risk Mitigation/Management, lol!

Additionally, I'm curious about any potential pitfalls I should be aware of with student rentals and how to mitigate them.Thank you in advance for your insights!

The fact that it loses money is somewhat mitigated by my tax savings at year's end (I have RE professional status).You just have to keep in mind that although there's a lot of tourists to the area a lot of them are cheap bastards that gravitate towards the lowest fares out there, and there's so much supply especially in the last 2+ years that it's a serious race to the bottom as you're competing with people who bought at $150-200k 10-15 years ago, never fix up their place and don't care if they rent for $99/night.

There are also strategies that can be put in place to mitigate unforeseen capital expenditure (capex) expenses.

Keep piling up cash; I'd encourage you to start with a house hack - you mitigate risk by buying a place where you actually want to live. 

This can result in a home that’s only superficially ready for market, with long-term durability concerns.To mitigate these risks, potential buyers should:Hire a Professional Inspector: Get a thorough home inspection from a reputable inspector who can identify potential issues.- Check Permits and Codes:Verify that all renovations were done with proper permits and comply with local building codes.- Research the Flipper:Look into the history of the flipper or the company that did the renovations to assess their reputation and track record.Be Skeptical of the Cosmetic: Look beyond the surface-level improvements to understand the true condition of the home.Taking these steps can help ensure that you are making a well-informed decision and investing in a quality home.

You cannot double dip by adding a new renter and still collecting rent from the old tenant on their lease and you must make a good faith effort to mitigate your damages (find a new renter).

An updated roof mitigates potential water damage in the future.

Hello, I am currently contingent on a Contract for Deed duplex and am getting pulled both ways on whether going Contract for Deed is a good idea or not. Situation: - 3 years at 6.75% with a balloon at the end. We can ...

Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.