My only point was that you want to mitigate anything that would potentially prevent someone from booking your place. 

There are many ways to mitigate or even eliminate/defer the capital gains taxes from the sale, however, a tax strategist would need to evaluate your situation and provide the proper advice.

Recent leasing activity continues at a pace below historical activity, with year-to-date volumes trending around 70-75% of the average activity seen during 2016-19, the years leading up to the pandemic.Tenant commitments have, at best, mitigated the continued rise in vacancy, as numerous tenants continue to vacate or downsize space, whether upon lease expiration or posting space on the sublease market to recoup real estate costs.

You're likely not getting any further rent from this tenant, so mitigate your losses and find someone who meets your criteria as soon as you can.Why has your PM not placed anyone yet?

However you slice it, you're required to mitigate your damages, but also don't have a "break lease" fee in your lease for your time/hassle to re-rent (assuming you don't use a PM). 

Spreading your investments geographically can help mitigate risk.Find Better Deals: Some out-of-state markets may offer tailored deals that yield higher returns and potential for property appreciation, aligning with your preferences.Market Selection: You have the flexibility to choose from a wide range of markets that align with your investment goals, whether that's cash flow, long-term appreciation, or a combination of both.Leverage Local Expertise: You can tap into the knowledge of local real estate professionals, such as real estate agents, property managers, and contractors, who have insights into local market dynamics.

A lot of the other tasks a PM does you can build out yourself with a good dynamic pricing software, third party management software, and building out a good house manual to mitigate any issues or questions a guest might have.

This basement will continue to have water but want to mitigate as much as we can.

We buy, sell, and manage a ton of units up there but, you really need to be careful on what street you are buying, and you need to do a ton of due diligence on the specific asset... and most importantly you need a risk mitigation technique when it comes to collecting rent. 

If I were to go out of area I’d pick a more affordable market but than mitigate that risk buy buying an a/b class property there even if the theoretical cash flow isn’t as high as c/d.