How to Mirror WordPress database from Remote server to Local server

Before I embark on this tutorial from the WordPress Codex on mirroring a WordPress database from a remote server to a local one. I’d like to get some feedback from SE users who have successfully achieved this, or who have followed the same tutorial.

Here are my questions:

  1. What methods have you guys used to mirror/sync your databases?
  2. What kind of MySQL software do you use (or think is the most reliable), in terms of importing/exporting MySQL dumps
  3. Is there a risk of data loss during the transfer?

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