., and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.

I see a lot of people investing outside their area, and I can imagine the nightmare scenarios that can come up when doing that, and I'm just trying to figure out how more experienced investors mitigate some of the risks and maximize their rewards.

I'm just not that sure at the moment so I'm trying to mitigate my risk going into the deal.

At the end of the day you are the one risking everything $40k+ so you have to do everything you can to mitigate that risk.

., and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind.

What additional costs are there that mitigate that return?

But it’s definitely true that something very bad can happen in a particular area (big employer closes, criminal elements move in to a nearby apartment complex, whatever), and having properties in multiple areas can mitigate some of this risk.The point is that these discussions are just philosophical without framing the location/condition of the property (it’s operating risk), framing the type of financing that will be used, and thinking through how to achieve some diversification benefits in your portfolio.

Never mind you took that money earlier in the form of a loan.Folks above are bring up two tax mitigation strategies.

I recently decided to go get a RE license, tired of relying on others when I am putting big $ on the line, I feel like that tool will help mitigate potential losses.

It's up to the owner to have a final look at the "approved" applicant to try and weed out deadbeats, or at least you might come up with a specific set of standards to at lease mitigate the risk.The most successful landlord I know always asks, "do you want to be right or rich?"