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?