What's the best way to mitigate the risk of increased wear and tear without increasing the monthly rent?

Consumer confidence waned in October, reflecting somewhat less optimism about the jobs market and the U.S. economy in the next six months amid another outbreak of coronavirus cases.

Recently I spoke with several investors who do syndications and this sounds very attractive because of the passiveness and the risk mitigation. 

T.I. is also negotiable and is mitigated or offset by the lease rate.

Sellers sometimes leave stuff out, by accident or on purpose, an inspection helps mitigate that.

Of course not; but that is the unspoken situation you're in some way trying to avoid or mitigate (which is a good thing).

Doesn't mean I wouldn't do the deal, but I would make sure to mitigate the risk as much as possible.

Take some mitigated risks.

However I’m wonder what risk it presents and if there is a way that we can mitigate it in the future.

There's 100's of things that can go wrong, which can be mitigated with experience and a good team, but for a newbie with no team, the chances of having a major issue are very high.Some issues that could arise include:- Buying too high because you overestimated ARV, because you don't know the market (or because you're relying on a "boots on the ground" "expert" who overinflates the numbers)- Running out of rehab money because you underestimated rehab budget, and contractors don't care - The biggest/worst one: not being able to refi because you don't qualify, aren't local (local banks like to work with local residents) or getting a ridiculously low appraisal.