If it is in a flood zone negotiate based on current premiums while looking into mitigation techniques that can lower the flood insurance costs.

CA is a mitigated disaster of biblical proportions and we need to show the proper respect to those that live there and have been wiped out.

Loss Mitigation and Short Sale Expert.

But will high prices be mitigated by a rapid increase in supply.  

Mitigate during the rental phase by having the tenant pay for regular pool maintenance, otherwise up the rent slightly in order to cover it.  

I'd love to know if someone has a definitive guide to tax sales - understanding and mitigating the risk, understanding the mechanism, etc.

At the end of the day, landlording is all about risk mitigation, so do your due diligence.

When we engage with trades we do so in a manner as to preserve capital and mitigate any unnecessary expenses which include doing due diligence - which costs money - on something that won't trade.  

From what I remember the only potential concern some of our borrowers had was the relatively low barriers to entry in the market, but again this is mitigated if you can find a distressed asset.

You would have to sue the tenant in small claims court for the lost rent.You would have to mitigate your damages by turning over and re-renting the unit as soon as possible.