There are million other ways you can do it mitigate risk and save taxes.

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.

Frustration awaits dealing with the 'loss mitigation' phone trees and apathetic cubical dwellers 500 miles away.  

However i cant find to much information online on navigating through this and mitigating as much risk as possible.

@Andrew Johnson  I have been funding out of state cash flow for investor for going on 15 years now... my simple advice for them.. buy the best you can... and have a way to scale to 10 doors asap... this mitigates the buying in the hood disasters.. it mitigates expense of travel to visit your collection of real estate..

The onus of proof would rest with them to prove they were intent on purchasing the property and NOT flipping the contract.The home seller is certainly entitled to protect themselves from the possibility of the purchaser defaulting and so mitigate possible loss. 

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. 

Lesson learned:  When your spouse is resistant to change and risk, learn how to communicate effectively to mitigate the fears and resistance.  

If you want to mitigate some risks, you can try to pre-sell the house by having your agent shop it within their brokerage and other agents that way you can get it under contract for your asking price.

Other ones you can mitigate fines.