These are just a few questions most investors don't even know to ask, let alone how to mitigate those risks.

The court would like you to mitigate a payment plan more often than not as they do not want to put any one out in the street unless you can show gross wrong doing. 3).

I expect these properties to hold up fine should a downturn occur and then can pivot as the overall market moves.I personally feel that diversification and the ride it out strategy is middle class baloney that knowledgeable active investors on BP do not have to precisely follow because they mitigate risk in certain asset classes with knowledge.  

So i would say....Play to your strengths (Shaq didn't try and shoot 3-pointers, play to jobs that only experienced contractors and estimators would thrive in, like Shaq plays to the low post.)Location mitigates risk. ( If you are on a hot street in a hot area, your margin might be cut a bit but you have a higher chance of selling at market value on time there, than an inferior location)

Hi Jamie, It sounds like you have done a good job building yourself a nice foundation for taking the next step.My firm, Brookwood Group (Brookwoodgroup.com) helps RE investors and owners to assess opportunities, mitigate risk, and develop an overall strategy by applying our integrated real estate consulting approach. 

-HAZMAT mitigation-Additional plumbing installed and water consumption (commercial building usually has fewer bathrooms)-Neighbor protests to your re-development idea-Bringing an old commercial building up to modern residential codes (fire/ADA/safety/etc)-Are any amenities close by (industrial neighborhoods don't always have a supermarket or restaurants near by)?

If my first dozen deals broke even, or even lost a little money (full time job could mitigate this), I would be thrilled because I would have learned a wealth of knowledge from those experiences.

Either the property manager won't know how to manage the property you purchase or you like the property manager less than you will like the tenants.If you think that meth is going to be a problem, you should do some reading about what is required to mitigate a property contaminated by meth.

Without something like that for risk mitigation, no one cares how much time you spent thinking about things, you've never done things to prove you can (yet).Best of luck and happy investing!

It can cost thousands to mitigate smoking damage to the property.