It’s generally true in business that the same thing can be seen as a risk, or an opportunity. The trick is to find the perspective that allows you to see the potential.
There are many traditional risks in property. Here’s a few that I’m aware of.
Overcapitalising.
Buying the best house on the street.
Buying outside of the right school zone.
Buying with other people.
Now ask yourself: Where do I need to stand to see these as opportunities? How does my perspective need to shift?