Any account worth his salt can help you mitigate the high taxes in Chicago.  

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.Understand you can not eliminate all risk, only mitigate it.

Building Coverage – this mitigates and restores the building from covered losses and this coverage is required by lenders to secure loans.Building Coverage – i.e. fire, wind, water, vehicle impacts and other elements of structural damage.If rented while you are looking to sell itLoss of Rents/ Business Income Coverage– pays for loss of rental income when a building that is rented to others is damaged by a coveredloss.

Mitigating risk for you and the bank through building equity, appreciation, and increasing cash flow over a growing portfolio.

We have recently added an education component where we bring in speakers to talk about things of interest to Airbnb investors, like how to furnish and state your vacation rental, what to do in the off season, how to invest in opportunity zones, and next month, how to organize your business to mitigate taxes and liability.We also have a WhatsApp group for members to share news and regulation updates, and pass along booking leads (e.g.

There are lots of things you can do in your normal business practice to mitigate your concerns.

If a tenant moves out early and breaks their lease, you as the landlord are still obligated to mitigate your losses by turning the unit over and marketing the unit again - something you'd have to do with a MTM vacancy anyways.  

What can I do to mitigate this mistake?

., where I can add value through rehab (with the idea of BRRRRing) to mitigate some of the risk of buying high.  

The $800 cashflow shortage is likely to be mitigated by the mortgage being paid down slowly, thus building equity.