Having a detailed plan in place and discussing it with all involved parties can mitigate potential issues.

In these situations, if everything else checks out, the applicant's approval would be contingent on them paying a double security deposit to mitigate our risks.

Preventing Further Damage: Water leaks can lead to mold growth, rot in structural wood, and damage to electrical systems, all of which are far more expensive and dangerous to fix than replacing a tub.4.

Avoiding these types of deals will help you mitigate risk as you get started on your investing journey from CA.You should also look for signs of appreciation such as job growth, population growth, etc.

For someone who is new to real estate, what will be the best way to find out about auctions. and how do you mitigate the risks?

Once you have all the risks identified, then is the time to think through and work with others on how to mitigate those risks.

That being said, if not mitigated, it can become a problem.

There are ways to mitigate risks, by lending 70% of as is value, but I don't like the liability.

The mitigation company has removed all moisture and have also taken care of the damaged parts of the house. 

Leveraged real estate isn’t inherently dangerous - mismanaged real estate is.Encouraging someone to increase their income first is sound advice.