Although lending has its own set of skills one needs to make sure they dont take loss's anyone who has been lending and doing deals for any amount of time will take a loss in the lending game its all about mitigating that..

Christina Wang hired us to perform water damage mitigation on a holiday weekend at the rate of $200/hr (see attached) for her client, and to complete the restoration for her client urgently.

Should help mitigate your risk greatly, no matter what market you invest in.

Without a mentor to guide you, I would be cautious about purchasing a flooded property (as I read it).If it's just in a flood zone, I think you're doing part of your due diligence now...and doing what you can to take calculated risks (and mitigate them where you can).I wish you all the best.

In one case you believe there may be a manufacturer's defect which immediately mitigates any potential tenant liability.

But since I plan to live in the second home for a year or two, that can help with mitigating the negative cash flow.

You are required to use all reasonable efforts to fix situation and I think its dubious if 10 days for a fridge repair with no mitigation (not even a $125 mini fridge?)

We're doing our best to mitigate that.

. - New roof, HVAC, pest/WDO mitigation, plumbing and some electricI have placed a counter offer based on these findings.

Direct, personal relationships are key (try searching Linkedin for Loss Mitigation, Asset Managers, etc)9.