We want to offer our lenders deals that show that risk is mitigated as much as possible. 

lack of experience is mitigated by liquidity.. and equity into the deal.so you take a deal at 70% arv and no experience could be tough to get that one to go.you bring the same deal to the lender at 40 to 50% ARV and they may look past the experience.. also do not get sucked into paying ANY up front fee's for those that promise loans..if you want to test the waters here are a few semi national HML you can check with these are all real 1.

If you are concerned, just mitigate your risk with insurance.  

I am curious what areas of risk you feel is mitigated when investing locally. 

OR fix the title if they chose to pay you then its your baby. at least that's what we experienced,  and once they assign a loss mitigation person to it we just dripped on them until they paid us.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

Information is the best mitigation for fear.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

I do have several equipment and materials to make it as painless as possible (shopvac, floor to ceiling "tarping" (not sure what they are called, the plastic things you can use to seal the areas off to mitigate dust) and blowers to blow the dusty air out of the window at the top of the stairs during the demo.Tony, those are good prices to know for South Florida since I am planning on acquiring properties in that area in a few years.  

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.