To mitigate risk, diversify your portfolio, and have a contingency plan in case things go wrong.

Is the water mitigation a interior sump with drain tile, cutting out concrete, patching in to match existing, or is it via sump with exterior gravity drain tile.

But those may be on hold due to the current outbreak of coronavirus.

I would imagine similar to a tech startup… maybe no return or a very big return.That’s true, but for me the risk/return profile in real estate is most desire able because, like you, I’m able to effectively mitigate the risk.  

I have been listening to talks on how to setup an LLC to mitigate any legal ramifications in the case that you are sued.

HOUSE BILL 23-1068, Pet Animal Ownership In Housing proposes that insurance companies may not prohibit certain breeds of dogs for purposes of obtaining homeowners insurance, landlords may not charge a pet deposit and or pet rent if they allow tenants to keep pets on the property, the bill calls for establishment of the pet friendly landlord mitigation program by the department of local affairs, landlords may not place a lien upon a pet for purposes of collecting from tenants who are in default and lastly, the bill mandates that in order to obtain the Colorado affordable housing tax credit all affordable housing projects must allow pet ownership. 

We would have also planned your ability to buy prior to buying anyway so this would not have happened or at the very least it would have been greatly mitigated.

We can assume the reason for this mandate is risk mitigation for banks.Consider the Following Scenarios: Buyers purchase properties as Airbnb investments.

Wholesalers generally tie up properties with a low EMD to mitigate this risk.I hope this helps!

Risk mitigation knows no culture, so I would assume banks continue to want to see steady income in order to be happy to lend.