You might be able to get multiple units to mitigate the risk of vacancy.

Know that mistakes will be made, but the great thing about real estate is that over time and if purchased right, many mistakes can be mitigated or overcome.

I'm trying to mitigate by finding a property where I can force some appreciation, but I'm sure there are other things that I'm missing.

I've done well by doing my research, then explaining the deal to my wife, taking her criticism seriously, and working to mitigate risk.

Then they started to keep their belongings in the space, which I didn't mind at the beginning, but recently I see they leave dangerous items such as burning candles and a standing mirror without mounting.

Know that mistakes will be made, but the great thing about real estate is that over time and if purchased right, many mistakes can be mitigated or overcome.

A 4.4 percent annual increase in household income helped to mitigate some of the impact of rising rates on affordability.

Advance Rent Dangers: 

What they might have told her was that if she breaks the lease, the lease term doesn't matter as you have to make an effort to mitigate damages by re-renting the place.

Require a double deposit or first/last/deposit to mitigate risk.