We do include a warranty on all major systems, so the 2nd one is just as important to us, as we don't want the exposure of unnecessary repairs. 

(paint in and out, trim work, flooring and some outdoor landscaping).We don't have any significant liability exposure during the rehab as my wife and I are the only people that work on the property.

You can find good cash flow in a lot of tertiary markets around Columbus, OH while still gaining exposure to that high growth market.

How about capital expense exposure? 

I think you should gain as much exposure as reasonably possible.

and it's also a great way to break into the business, we can offer you a lot of exposure and mentoring as you grow your business. 

Which is gaining exposure incredibly fast with the approach I have took!

Acquiring property from anyone about 60 years of age or older will, IMHO, increase your chance of exposure to a relative who, believing their future inheritance has been compromised, be quick to try and unwind your deal if you are not careful, citing elder abuse.

Lastly, no matter what strategy you use make sure you diversify. your portfolio should have various asset classes as well as geographical exposures, and EVERY deal you do needs to have three exit strategies or DONT DO IT.

Denver street / grafitti / mural artist or community group to paint the side of my building (great exposure for their work, 50,000 cars/day)2. electrostatic painter or auto body worker who wants to moonlight and restore my metal cabinets lowrider style (think glossy turquoise or black with pin strips)