Trusted advisors are absolute and a solid risk mitigation plan will go hand in hand.We did have our budget mapped out before we started the project but there were some unforeseen costs that came up such as the sewer lateral for example. 

I try not to use broke contractors so that mitigates that issue. 

There are a few strategies you can use to help mitigate vacancy rates for mid-term rentals in Miami-Dade County:1.

By choosing an area like that, that can support a STR model, you mitigate a lot of the risk.

If you have evidence that the city has created a problem by raising the height of the road and taking any mitigation measures to prevent overland flooding, then you might be able to get them to pay for the damages.

For anyone else out there who may want to try and mitigate their risk a little bit in relation to this potential repair/replacement down the road see if any companies around you offer sewer line insurance. 

My hope is to gather some information and if it looks like they might have some liability (property A) I want to have a discussion with them about helping with the cost of mitigation.

Hi Guys!I am looking to buy a site just South of Austin but most of it sits on a floodplain (100 year). My idea is to elevate the site out of a floodplain... can it be done? To my understanding I would need to raise t...

Otherwise, the point you are looking for is at the intersection of your risk threshold, enough assets and/or income to protect, when the cost is 2% of equity to protect or the same amount as the property insurance for the same assets and after implementing all the other risk mitigation measures.If too confusing, here is a diagram to help you on the quest for these answers:

This is a risk mitigation {read: CYA} move on the part of the lender to provide recourse on the loan; they do the same with any small business who wants a loan or operating line of credit.