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.

It's the only way to go...yes, it costs more initially but there are ways to mitigate the expense.

Sometimes it is better to repair than to replace since newer items are not designed to last as long.One way to mitigate risk is scale up to more properties.

We are managing a new building and saw a mice/rat droppings in the basement, need to potentially mitigate.

Ie wind mitigation and 4 point inspections which you won’t find anywhere else in the country. 

Seattle area proper from what I read has some tough landlord laws but you get out of the major area its pretty much like anywhere else.I find property tax's to be a major concern for long term holds.. but for sure in TX is you live there and dont pay income tax on your income that mitigates what is some of the highest property tax's in the country.. its when you live in HIGH tax states and invest in HIGH property tax states that you can get a double whammy you dont understand until you have been through 3 or for income tax years to understand bottom line.. property tax's are unforgiving and a constant.   

Turns out the pests have already vacated so we are good- will be even better after the new roof goes on and mitigates the only potential ingress holes.  

Any challenges that a newcomer should anticipate and how best to mitigate them.3.

Consequently, borrowers may have fewer legal protections and recourse in case of disputes or fraudulent practices.Verifying Private Lenders:To mitigate risks and ensure you don't get burned, it's essential to conduct thorough due diligence.

Like all deals, as long as you learn from your mistakes by mitigating risks and elements which are counterintuitive to your deal, along with firm follow up and streamlined automation, you can have a less hands on approach only if you delegate your disposition correctly and communicate  effectively!!!