Understanding the legal landscape will help you navigate the investment process and mitigate any potential risks.7.

I recently bought a property and got a radon test done on it and the results were 5 Pci/L.Is this acceptable or should I take immediate action to get this mitigated and lowered down?

How will you mitigate any defects or problems during or after the contract?  

Try to enumerate an many plan assumptions, risks, risk mitigation plans, stress-testing scenarios etc as possible, yet without overly dwelling on it either.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

However, for OOS, I agree with @Kiel Martin's strategy to use all cash as a way of mitigating some of the risk.I'm actually very interested in seeing how this turns out and sincerely hope the OP checks in from time to time.

For roommates, its more rare that you can find roommates that will all qualify 3x total rent on their own so its difficult to make each tenant qualify on their own, but also riskier to accept non related roomates, but if student roommates, you can ask for a cosigner to mitigate some risk.

This is how you mitigate risk.

I feel that the upside in rent is mitigated by the costs to service the pool as well as the increase in insurance and the over looming potential liability of the pool.

But we also had a great RE agent who would go with the many lowball offers without objection.Now days it's a tough call, unless you can mitigate the cost of repairs or do it yourself as we always have done, except roofs.