I'd like to add in a note or two...Before the passing of the TCJA, Justin's statements were pretty widely accepted - generally speaking, S Corps were the way to go for active businesses like flipping and wholesaling to help mitigate SE tax.Now, with the new tax law in effect, the Section 199A 20% QBI deduction throws a wrench into the plans.There are already a few great threads about the Section 199A deduction on the forums, so I won't beat a dead horse on that but I will say that it certainly should make everyone rethink their entity structure.If you fall below the income threshold for the QBI deduction ($157,500 for single filers; $315k for married filing jointly), it might be more beneficial to forego the S Corp.

So I charged for the cleaning of the carpet as that was my first attempt to mitigate damages.

That risk can be mitigated with cash reserves, but I would caution you against setting up too many arbitrary roadblocks to executing a profitable investment purchase.

This is even though the final sale price will be higher than the purchase price.My questions revolve around mitigating losses on this property. 1.Can you, would you or do you have to take depreciation for the year that it was rented?

I'm trying to mitigate my risk against vacancy on a property, down the road I'd be comfortable with SFR.That's a good read you've put together on your blog, I'll bite.

An appraisal is only 1 tool that a bank uses to mitigate risk.

Having a tenant in place mitigates some risk .

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 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.

My father did built his own home to mitigate 20%+ interest rates during the savings and loans crisis in the 80's.