If there was an accident, the tenant could say that you never trained them on how to properly use the mower and try to sue. 

You can have an attorney help you navigate what options you have to keep the closing moving forward, but ultimately anything that needs to occur will be done by the seller not you. 

If you did just one thing a week, you'd have 52 policies/forms developed in your first year and you would be ahead of 99% of all Landlords.Whether you are brand new or have six rentals with tenants already in them, start by working on the issues that are most likely to occur first.

Purchasers or lessees must receive the lead-based paint disclosures before they become obligated under a contract for sale or lease, which generally occurs when the contract or lease is signed

What often occurs in these scenarios is that the investor loses sight of the deal of the investment itself - prioritizing saving on taxes over making a good investment.Tax plan yes, look for opportunities to minimize taxes, but never lose of the deal itself.

Of course, this is occurring in unincorporated areas without building regulations.

I don't know about "illegal" activities actually occurring on our property but it wouldn't surprise me in some capacity. 

I’m newer to notes too, For me, making sure a property has insurance is a way to protect against the risk of damage occurring that can make the collateral to the loan worthless as collateral.  

No leaks found anywhere (including running toilets) and unsure how they would go through this much water accidently. 

My goal is to protect myself from over-extending my debt to not cover losses in the event something similar were to occur.