They did nothing to mitigate the mold growth.

If college admins reacted in this way to a virus that's little to no threat to college aged population, what if there is an actual dangerous outbreak?

One option we use to mitigate this fee in Bridgeport CT is charging a placement / brokers fee to the tenant.You should include vacancy in your calculations as well to factor in some of this cost.Finally, as others have said, unless you have a really bad property manager, every tenant doesn't move out every year.

Mitigate risk by doing your due diligence and take action based on that.

Our primary strategy is STR, but we have backup strategies if that falls through.After much discussion, we do not intend to create an LLC at present, primarily because we believe insurances properly mitigates the liability risk.I have two financing questions.1) I suspect I’ll be able to get a better conventional loan interest rate than we could get jointly for various reasons (slightly  better credit, mortgage history, and W-2 income).

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.

Long term guests kept me performing well through the covid outbreak so it's shifting focus of mine, especially in low season. 

The education phase is important, without it you are not mitigating risks and I am not sure I would have obtained the confidence to move forward.I have close friends and family who have been debating of investing in RE for years but never take the plunge despite me being proof to them that they can do it.

This will allow your new buyer to take advantage of a low interest-rate, however, the due on sale clause will not be mitigated.

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 scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.