@Guillaume LechatYou can ask the insurance company to help with mitigation: most have their vendor network.If it had heavy smoke damage, you will be hitting the entire place down to the studs.Likely you can salvage some of the contents and get them cleaned ( insurance company can assist with vendors who are vetted)The studs will need to be encapsulated with an oil based primer.Run an Ozone machine to kill any remaining odors.Commence build back. ( insurance can assist and or you find your own contractor to assist)

It will be nice to get a gander at the beach to check.Like @Bruce Woodruff said, it can take away from the country feeling, but you can largely mitigate any issues by vetting your guests.

In other words, you must mitigate damages...you can't let the limbs go until they damage your fence, property, and more - and then seek damages.I don't recommend offering to cut the limbs hanging over your neighbor's yard; one act of kindness could become an expectation of you forever and any damage that might be done to their grass or fence would then fall on you. 

I always expect to have an experience like this but work hard to mitigate the risk.

Tax strategy is certainly part of the process to become better RE investors but I am more concerned with finding great value, increasing cash flow, and mitigating risk.

All the blood in the water surrounding tenant/landlord laws can be mitigated with an experienced property manager.

You can sue the seller, but you're required to mitigate your damages.

As far as workers compensation there is no requirement in Texas, I don’t have them sign a waiver or anything else to mitigate risks.

To mitigate this risk, the lender will impose certain requirements to ensure this doesn't happen.

I am looking for some guidance here on how to mitigate this in longer term?