If you can mitigate your risk in the beginning, yet still get that experience, that would be great! 

When I invest, I mostly want to know about the failures and losses and what they did to mitigate them as any fool can make money in a Bull market but what you want is someone who loses less in a Bear or bad real estate market.

To answer your last question, I have a good sized portfolio so I keep about $100k in a bank to mitigate any risk.

I was thinking that I would want to build a team in a market before I buy anything, so I wanted to evaluate 2-3 property managers ahead of time, to find the best fit.I have not thought of the tire-kicker perception it might create, so I will have to consider ways to mitigate that.Thanks for the tip!

Bringing in a new GC creates a situation of its own.You need to be extremely careful about how you mitigate your exposure to fixing legal contractual obligations to the new contractor to ensure it’s scope of services and remedies should problems arise in completing the job.In closing, I urge you not to feel too bad or blame yourself for the situation.

Your closing attorney should also be able to advise what documents to source for in place tenants to help mitigate a potential eviction. 

The HOA decided to hire a water mitigation or cleaning company that basically went to all the homes affected and cleaned up.

I'm not sure if this solves the sellers problem This is EXACTLY what I came up with and now just need confirmation that this is possible and would work towards mitigating the primary concern!

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

We've also mitigated losses with a security deposit.- No Reviews: As hosts we can filter out potential harmful guests using reviews.