Yes, there's a shortage of low-cost housing in West Palm Beach and Malibu and Portland Oregon and Asheville NC and other places people want to live.

But also with low debt or free and clear property that they can easily access any time in the future with a cash out refinance.

Risk entails everything from lawsuits to lack of diversity in investments to low rates of return to high exposure to vacancy (more units theoretically lowers vacancy exposure).

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

I was able to figure out that they had come upon some hard times and were significantly low on cash.

I was initially drawn in by the low fee, which has since fluctuated, but may still be the lowest out there.

Even if I were to rent it out on Airbnb, the cash-on-cash return isn't very attractive.Specifically, I’m concerned about:High mortgage payments and the financial strain it could cause if the property doesn't generate sufficient cash flow.Cash-on-cash return is low, even with high-revenue short-term rentals.My Questions:Risk Mitigation:Any strategies I can use to mitigate the risks associated with owning a high-value property with a large mortgage?

Has anyone made a low offer?

Not that I don’t enjoy dealing with tenants, maintenance, lawn care, Home Depot and Lowe’s trips and tenant change overs (I recently put new carpets, kitchen floor, appliances, vanity and mirror in the bathroom and fresh paint in my upstairs unit).

I figured, if I hire several low skill employees it would equal one high skilled employee.