Gross negligence means:An act taken without exercising even the most basic amount of care owed to others.A deliberate disregard for the safety or well-being of another person.A lack of care that demonstrates reckless disregard for the safety or lives of others.A conscious and voluntary disregard of the need to use reasonable care, likely to cause foreseeable grave injury or harm.In other words, if there are potential hazards that exist at your property that you are ignoring, you could be considered grossly negligent.

The con here is evaluating the sydicator, checking their due diligence and financials are correct and conservative, and then making sure no games are being played. over the past few years, many folks including myself have found themselves victim to overly aggressive syndications where the operators were reckless with investor funds. 

Unless it's their own funds this would be highly reckless to do with OPM. 

Gross negligence is typically defined as conduct showing extreme indifference or a reckless disregard for someone's safety or propertyGood luck determining whether the PM's act rises to gross Wilful Misconduct/Gross Negligence. 

Quote from @Stuart Udis: @Justin Goodin   This is honestly the most reckless apporach to real estate debt I've heard in some time.

My last property, which should have been very attractive to voucher holders, had 100+ inquiries, 20+ applicants, and... 1 was a S8 voucher holder.I chose a cash paying tenant and she's amazing@ Travis Biziorek; not only they are harder to find but I think S8 tenant would be using the property recklessly, more than a cash paying tenant. 

But this is the perfect example of how people are scaling so fast-- reckless leverage. 

Most of this piece probably won't focus too much on specific deals, but rather, on my experience throughout this (ad)venture, starting out as a reckless and aimless 22 year old. 

Now mortgage debt owed by U.S. households is about $8.4 Billion.I do agree with you that there are a lot of extremely reckless "investors" out there.

in this instance) anytime over what could go wrong in an attempt to be too fast and reckless in the process.