Perhaps most importantly, all this stuff is probably a fire hazard. 

I'm in Davis, so I understand if that's too far for you to travel.The smaller shower, 3x4 is going to have a curb, but I've been considering doing curbless on the large shower, 3x5 for the sole reason that it will reduce tripping hazards.

Landlords can still have restrictions, but they need to be justified – like health or safety concerns – and properly documented.What Are the Primary Concerns for Landlords?

After some research it seems that this property isn't up to code and presents some valid safety concerns.

Tenant suffers damage due to flood for failure by landlord to inform him that the property is in 100-year floodplainA 100-year floodplain refers to any area of the land designated as a flood hazard with 1% or greater chance of flooding each year by the Federal Emergency Management Agency.

You want to preserve your retirement safety net.2.

Make sure you are in a state that doesn't have licensing requirements for private lenders and make sure you work through a title and escrow agent so that your money is insured with a lender's title insurance policy and ABSOLUTELY make sure your LLC is listed as a loss payee on the property hazard insurance.

I know Philly safety differ from block to block. 

What kind of financial safety net would be good to have per person? 

My wife is willing to co-sign on the deal and I would like to keep the property under the LLC for safety.