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.

But I am 90% there and lovin it.the one PPM I did I followed your play book we paid cash.. granted returns are lower but safety is much better and we are not having these discussions you see on BP right now with other PPM or syndicators that did exactly what you are talking about.Bottom line when your RE is paid for you need far less of it.

The only option with some degree of control and safety is Short Term Rental. 

But for the safety of the occupants, the up charge to go to 5/8" is pretty minimal.

HAZARD AND FLOOD INSURANCE QUOTES/BINDERS: They will need to make sure the property is insured.

There are lenders who will do the loan if no health or safety issues even with litigation (depending on the details). 

The key highlights of this slate of bills includesAdditional Excise Tax on STRCreation of a statewide STR registryStandardize safety requirements across the stateProtect the ability for local government to zone STR in accordance with their needsThis isn't the first attempt at statewide regulation, and its clear the bills as written would be operationally burdensome to put into place for the state (aka, expensive) and the problems they are trying to solve are not, in all, a result of STR in our communities but of bad tax laws already in existence.

Any flood plane hazards to deal with?

This not only enhances your home's appearance but also improves safety and security.Install Window Boxes: Adding window boxes with colorful flowers or greenery can instantly boost your home's charm factor.

I have done a fair amount of learning up on my own but in your opinion how large of a safety net is reasonable/necessary to have after making your first deal.