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.

Here are some tips to mitigate capital gains on real estate sales:Use the Primary Residence Exclusion: If you have lived in the property as your primary residence for at least 2 of the past 5 years, you may be eligible to exclude up to $250,000 ($500,000 for married couples filing jointly) of the capital gains from your taxable income.Consider a 1031 Exchange: A 1031 exchange allows you to defer capital gains taxes by investing the sale proceeds into a similar property.Make Capital Improvements: Upgrades or improvements made to the property can increase the tax basis and reduce the capital gains.Time Your Sale: Timing the sale of your property during a period of low home values can reduce the amount of capital gains subject to tax.Donate a Portion of the Property: Donating a portion of the property to a qualified charity can reduce the amount of capital gains subject to tax.Seek Professional Advice: Consult a tax professional or financial advisor for personalized guidance on minimizing capital gains taxes.Note: Tax laws are subject to change and can vary depending on the jurisdiction and specific circumstances.

The outside was re-painted and all previous water damage areas were mitigated and updated to prevent further damage.

As an investor and property owner, it’s important to be aware of these challenges and take steps to mitigate them.One of the most common issues that I see is improper depreciation of the building and its components.

As with all investing, the more you can do to mitigate risk the better.

However, a few things helped me mitigate that risk, none of which completely eliminate it.

ARE THE LOSS MITIGATION DEPARTMENTS STREAMLINING THE PROCESS FOR YOU?

Hey Anthony Your story is definitely inspirational and I love how you incorporate being a football coach into your strengths to mitigate your risk and game plan for your investment strategies building your team over in Memphis TN living primarily in California.

Citizen or Permanent Resident Alien with valid Green Card (minimum 6 months to card expiration date) • Maximum lot size 5 acres, exceptions considered to 10 acres with true comparables and strong mitigating factors (credit, income, assets)• No mortgage delinquency (0x30) in past 24 months, no excessive mortgage delinquencies in the past 60 months• No previous foreclosures/deed-in-lieu, short sales, loan modifications *No Exceptions*• No judgments, repossessions, charge-offs, in past 60 months• Bankruptcy - discharged minimum of 2 years and credit re-established • Student Loans- 1% outstanding balance or lower payment on credit report if proven to fully amortize the loan• 30 day charge accounts- 5% of outstanding balance.

As a business woman you need to evaluate and mitigate risk, is it worth the 1% chance of getting caught and having your project being red tagged?