I'm interested in any strategies to mitigate this cost (other than building into the rent).

That's how you mitigate the risk.

That is the downside of long term NNN leases..vacancies are tougher to fill/project.The way to mitigate the risk is assume vacancy periods at the end of each lease.

How did you mitigate these risks, and what factors contributed to your confidence in your choice?

My background before this was in operations and marketing in the mitigation industry, so I am excited to apply that in the Real Estate industry to grow revenue for the Mountain Lakes team!

Class B tough choice but I'd go with vinyl due to durability and mitigating water damage.

In terms of your 11 properties, from what I understand, and I’m obviously still learning, it becomes a numbers game where you need to get a large number of doors to wash out vaccancies/repairs because you have enough cash flow from performing properties to mitigate the handful that are vacant or need a repair.

Plus you want the equity and the cash flow and the nicely renovated home, so you mitigate your long term expenses such as maintenance and tenant turn-over expenses.

The roof/reframing job won't add value, just mitigate to mold and future issues.

Do you consider this area very risk-mitigated for developers or risky?